Acquisition · Professional & Local Services

Crib acquires rent financing startup CirclePe

What they do

Crib provides AI-powered software for co-living, hostels, and PGs

It acquired CirclePe to integrate rent financing, eliminating upfront security deposits

The deal merges property management with fintech for an end-to-end solution

Crib has acquired CirclePe, a rent financing startup.
The acquisition integrates rent financing into Crib's property management platform.
Tenants can now move in without paying an upfront security deposit.
Property operators receive rent and deposit financing upfront from CirclePe.
Crib and CirclePe will operate as a single unified platform post-acquisition.
The acquisition value has not been disclosed.

The acquisition reflects the convergence of PropTech and FinTech.
It allows Crib to offer an end-to-end solution covering property management, payments, financing, and resident experience.
CirclePe's model eliminates a major barrier for tenants: large upfront deposits.

Crib is an AI-powered property management platform for co-living spaces, hostels, and paying guest (PG) accommodations.
Its software handles inventory, agreements, onboarding, invoicing, collections, renewals, and move-outs.
The platform helps operators manage occupancy, resident records, payments, maintenance, and daily operations.
Crib works with more than 2,500 property operators.
It manages over $1 billion in rent.
CirclePe is a rent financing startup that eliminates upfront security deposits.
CirclePe partners with non-banking financial companies (NBFCs) to finance tenants' deposits or rent.
Under CirclePe's model, financing is disbursed upfront to operators, and tenants repay in monthly installments.

The merged platform aims to offer an end-to-end solution covering property management, payments, financing, and resident experience.