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Stake Raises $12M to Help Landlords Reward Renters with Cash

Stake, a startup that provides cash-back rewards to renters, has raised $12 million in Series A funding. So reports TechCrunch.

packs 163497 640small 280x186Stake says its algorithm can help property owners give renters rewards for on-time payment or early lease renewal that will incentivize lower delinquencies.

Stake competes with Bilt, another company trying to pioneer loyalty rewards programs for the real estate industry.

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