How it appeared in Quintoandar: The company simplified real estate rental and extinguished the guarantor role

S. FifthToday, one of the main proportacles in Brazil was born of its founders’ frustration with bureaucracy to rent a property. In 2012, the Brazilians Gabriel Braga E André between her They were studying the Master of Business Administration in Stanford, California, when they realized that the rental process in Brazil took the day of the stakeholders, as well as a series of arrival and going from documents, and sometimes on paper.

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Braga faced himself difficult to rent an apartment in Sao Paulo because there was no guarantor, while among them, as Malik, he saw his property still in the hands of a property. From these experiments, the two began to study solutions for the Brazilian real estate market.

After collecting a preliminary investment of $ 300,000, they officially established The Quintoandar in January 2013 at Campinas (SP). The company’s name symbolizes the goal of “raising” the real estate experience to a new level.

Expanding the real estate and digitization market

In the early years, the platform has worked similar to the traditional real estate, with phone service and facial visits to the interface accompanied by the founders themselves. In 2014, the company took an important step in scanning visits.

The first large round of investments occurred in 2015, when Quintoandar was captured 6 million dollars and expand her work to Sao Paulo. In the same year, the company launched the digital signature, allowing most of the online rental operations, and residents can add their income to agree to the lease.

Another differentiation was to display free professional photos of the owners, improve user experience and increase the participation of the arterial system.

The great progress came in 2018, with the creation Credoandar credit analysisGet rid of the need for guarantor, insurance or security. It attracted innovation tenants and owners, and accelerating the company’s growth.

With new rounds of investments and an increasing wallet, the fifth reached a situation Unicorn Today it is evaluated in More than 5 billion dollars. The statute already runs about 150,000 rental drugs and 60,000 for sale.

In its expansion strategy, the company acquired startups such as NoknoxFocus on housing units applications, and expanding their service portfolio.

What started as an academic project has become one of the largest revolutions in the Brazilian real estate market, proving that technology can transform traditional sectors and eliminate barriers that prevent consumers and investors.

The text resulting from artificial intelligence from the exam reports.

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