Vancouver’s RentMoola has joined forces with PayPal through a new strategic alliance. The collaboration is born out of the mutual goal of addressing financial inequality made more pronounced by the current COVID-19 crisis.

RentMoola’s technology allows for simple, flexible, and transparent transactions between tenants and property management – furthering its mission to empower individuals to take control over their finances,

There has always been a need for more flexible consumer solutions to cover monthly payments like rent, utilities, insurance, mortgages, and other bills. Even before these unprecedented times, nearly 53 per cent of Canadians say they are living paycheque to paycheque, according to BDO Canada’s Affordability Index.

Now, millions have become even more vulnerable to unexpected costs and financial pressure.

Through the alliance, RentMoola’s platform will allow for secure financial (payments, transactions or payment options) through a simple, secure, and integrated solution leveraging PayPal’s full range of consumer business solutions including their digital wallet.

“Unprecedented times require innovative companies to come together to provide better solutions for our customers. We are optimistic about forging alliances with industry vertical experts like RentMoola to give consumers more flexibility in navigating this crisis,” shared Dan Leberman, vice president, partnerships, PayPal.

Tenants can now use their digital wallets to pay rent using PayPal. PayPal has more than 7 million active accounts in Canada, opening more flexible solutions for renters to pay and for property managers to keep track of rent payments.

“This collaboration is just one of our first steps in fulfilling the company’s mission to provide holistic financial solutions that are built with customers in mind. We are moving fast—especially now that there is a dire need for better options,” said Karthik Manimozhi, CEO of RentMoola.