Zenbase, a leading provider of smart rent payment solutions, has expanded its collaboration with Mainstreet Equity (TSX: MEQ), through the introduction of automated rent reporting to Equifax Canada. This strategic move aims to empower residents in building their credit profiles and underlines the commitment to the social component of Environmental, Social, and Governance (ESG) initiatives.
By offering automated rent reporting as an amanity, Zenbase enables Mainstreet Equity residents to proactively establish and improve their credit. This pioneering feature represents a significant step in enhancing financial inclusivity and empowering individuals to achieve their long-term financial goals.
“We are excited to strengthen our partnership with Mainstreet Equity and introduce automated rent reporting as an instrumental tool for their residents,” said Koray Can Oztekin, CEO and Founder at Zenbase. “This expanded partnership aligns with our commitment to fostering social progress and financial well-being within the communities we serve.”
The automated rent reporting functionality, seamlessly integrated into Zenbase’s existing suite of services, provides Mainstreet Equity residents with the opportunity to build a robust credit history based on their rental payments. This initiative not only enhances financial literacy among residents but also contributes to a more inclusive and sustainable society.
“We believe that financial empowerment is a crucial aspect of social responsibility,” commented Anthony Lam of Mainstreet Equity. “The collaboration with Zenbase signifies our joint dedication to supporting the financial well-being of our residents and fostering a more equitable society.”
Through this strengthened partnership and the introduction of automated rent reporting, Zenbase and Mainstreet Equity reaffirm their commitment to driving positive social impact and contributing to the ESG objectives of the real estate industry.
Zenbase, a leader in smart rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions aid the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase fixed that misalignment by offering residents the option to split their rent into two monthly payments and provides other financial health tools including Canada’s only automated rent reporting to support building resident’s credit. For more about Zenbase’s ESG inspired solutions visit myzenbase.com.
Mainstreet is publicly traded on the Toronto Stock Exchange (TSX: MEQ). As at Q4 2023, assets were valued at over CDN $3B. Since going public, Mainstreet has continued to grow its assets organically; its double-digit compounded annual growth continues today. Current holdings consist of over 17,000 apartments across western Canada (BC, AB, SK, MB). Along with this healthy balance sheet success, Mainstreet is a proud champion of affordable housing. Learn more: https://www.mainst.biz.
Philipp Postrehovsky | Zenbase COO
Philipp is a marketing leader, brand builder and product visionary who has been involved in the fintech scene for over 17 years. In 2013 he co-founded RentMoola, which continues to be one of North America's leading fintech companies with the mission to eliminate the rent cheque and modernize rent collection for the enterprise. Before that, he was a marketing leader for Mogo Technologies, Wonga Canada and began his career at Electronic Arts. Most recently he was SVP, Marketing at Progressa and VP, Digital Marketing at goeasy. He founded Grind For Kids, a program that raised over $1 million for BC Children’s Hospital Foundation and is a mentor to new entrepreneurs.