How Mandeep Basra uses micro-lending at RentMoola to change the banking game

<p>CFO Mandeep Basra joined RentMoola right as COVID-19 was declared a worldwide pandemic. Little did he know that the company would be quickly pivoting to help landlords and tenants by offering remote payment options and micro-lending assistance. This digital innovation is just what Mandeep thinks the world needs in order to serve sophisticated digital customers as well as support under-banked populations around the world.</p><p><br><strong>Show Links</strong></p><ul> <li><a href="https://rentmoola.com/">Check out RentMoola</a></li> <li><a href="https://www.linkedin.com/company/rentmoola/">Follow RentMoola on LinkedIn</a></li> <li><a href="https://www.linkedin.com/company/rentmoola/">Connect with Mandeep Basra on LinkedIn</a></li> <li><a href="https://www.linkedin.com/in/mandeep-basra-4142743/">Connect with Andrew on LinkedIn</a></li> </ul><p>‍</p><p><strong>Key Takeaways</strong></p><p>‍</p><p><strong>3:30 - Keeping tenants safe</strong></p><p>During the pandemic, RentMoola worked with property managers to keep tenants safe by offering fully digital rent paying solutions.</p><em>“It was interesting to see our customers thinking about their employees and wanting to keep them safe. A lot of our property managers who have tenants that were paying by cash or check, they wanted to stop that because they didn't know how the virus was going to spread with paper and whatnot. So what we saw was an increase with our property managers and our marketing team, working together to market our solution to their tenants. And saying how to keep us safe, keep yourself safe. What we're going to do is we're not going to accept any checks anymore for the time being, we're not gonna accept cash payments. What we're going to do is we're going to utilize this tool that we have in place with RentMoola and make sure that you're able to pay your rent without the risk of getting sick.”</em><p>‍</p><p><strong>7:29 - Micro-financing for renters</strong></p><p>No one should have to decide between paying rent or feeding their family.