The fintech company Qira announced today that it has raised $ 8 million (approximately NIS 26 million) from a number of investors led by the Phoenix insurance company. The company plans to issue an initial public offering on the Tel Aviv Stock Exchange in the near future.
Qira is an Israeli fintech company operating in the United States, which mediates between homeowners and tenants and allows suitable housing seekers to rent an apartment without paying a cash deposit in advance. The company allows tenants to meet their rental obligations by assisting with flexible rent payments, while adjusting the rent payment schedule to their cash flow needs. Should the landlord need to exercise the security check at the end of the rental period, Qira pays it and thus provides double protection to the landlord. The rent is always paid according to the homeowners’ payment schedule, thus reducing the risk of non-payment.