Meet Dominic Schacher, Founder of Rently. His journey as an entrepreneur and finance professional is a testament to his commitment to innovation and excellence in the financial and property technology (prop-tech) sectors. Over the years, Dominic has honed a comprehensive understanding of financial products and markets, complemented by his adept skills in strategic planning, risk management, and leadership. His expertise is not just theoretical; it is grounded in years of practical experience, handling complex financial portfolios and navigating the intricate dynamics of global markets.
As a venture investor, Dominic closely observed the prop-tech landscape, identifying a gap between technological potential and the industry’s reliance on outdated, inefficient workflows. This sector, vital to economic growth and development, was ripe for disruption, yet lagged in adopting the innovations transforming other industries. Dominic’s insight into this mismatch was not merely an observation but a call to action. Driven by a passion for integrating technology with finance, he recognized an opportunity to make a tangible impact, leading to the inception of Rently.
Rently, under Dominic’s leadership, is a manifestation of his vision to modernize and streamline the prop-tech industry. His approach is not just about introducing new technologies; it’s about rethinking and redesigning legacy processes to be more efficient, transparent, and user-friendly. Dominic’s philosophy is that technology should not just replace old systems but should create new value, enhancing the way businesses operate and how customers experience services.
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Dominic’s academic credentials, including a Master’s in Accounting, Finance & Management from the University of Bristol and being a CFA charter holder, provide a solid foundation for his entrepreneurial pursuits. These qualifications, combined with his professional experience, give him a unique perspective on both the technical and strategic aspects of business.
At its core, Rently’s platform leverages real-time data insights and cutting-edge technology to streamline every aspect of rental property management. This approach is pivotal in driving efficiency and convenience in an industry traditionally bogged down by manual processes and fragmented systems. By providing a unified platform, Rently enables landlords and real estate professionals to handle tenant queries, maintenance requests, and other operational tasks with unprecedented ease and speed. This level of efficiency is not just about saving time; it’s about transforming the way rental properties are managed, making the process more responsive and tenant-friendly.
When Dominic isn’t working you can find him at the golf course or on the football pitch getting in his reps.
Sell us your company/service in 300 words?
Rently is not just a company; it’s a revolution in the rental market. We are pioneering a novel approach to property rentals, making the process as seamless as booking a hotel room. This is the future of renting – efficient, hassle-free, and technology-driven.
Imagine a platform where high transaction costs, complex agreements, and cumbersome processes are things of the past. That’s Rently. We integrate fintech innovations to offer everything from deposit-free rentals to rent now-pay later, fundamentally transforming the tenant-landlord relationship.
Our platform is a beacon of convenience and security in the property market, catering to a new generation of renters and property owners. With Rently, we’re not just changing a system; we’re building a community where everyone wins. It’s time to get rid of antiquated and old systems and join the 21st century.
What is stopping you from having the largest company in the world?
The vision for Rently is grand, but the path to becoming the largest company in the world is not without its challenges. The real estate market is traditionally resistant to change, and navigating this requires tact, patience, and innovation. Additionally, scaling a company to such magnitude involves complex regulatory compliance across different markets. We’re instead looking to progress steadily, focusing on creating a robust, scalable model as we start to scale into our third and fourth markets this year.
If you could change one thing about the tech industry in Southeast Asia, what would it be?
If there’s one thing I’d change in Southeast Asia’s tech industry is the level of risk aversion to true innovation. A large part of the tech ecosystem is seeing what works in the US and trying to clone it here. I believe that fostering a culture that encourages experimentation and embraces failure is key – unfortunately, eastern culture discourages failure and strives for perfection. Southeast Asia has immense potential, but it often goes untapped due to fear of failure. I believe that breaking this barrier can unleash a wave of groundbreaking innovations.
Name one person in the region, who is making a difference in Technology.
One person making a true difference in technology today is Kelvin Teo, Co-Founder of Funding Societies. Having first-hand witnessed how antiquated and slow banks are, especially providing credit outside of real estate financing, it is a true breath of fresh air seeing Funding Societies grow at the pace that it has. Additionally, both Funding Societies and Rently share a similarly deep commitment to providing innovation by enhancing accessibility and efficiency within antiquated industries.
What would you want people to remember you for, 100 years from now?
In a century, I’d like to be remembered as the individual who revolutionised the rental market much like Uber transformed transportation. Just as people can’t imagine a world without the convenience of Uber, I envision a future where Rently is synonymous with renting. I aim to be the catalyst who seamlessly integrates technology with property leasing, making the once cumbersome process of renting as simple and ubiquitous as hailing a ride. Anywhere in the world, people should be able to seamlessly move between apartments, without needing to worry about anything – check out from this apartment, move into the next, and everything from moving the furniture to paying rent to the new landlord is taken care of with a click of a button.