Vacation rental technology specialist Hostaway has launched a financial services product it’s calling Hostaway Capital to provide the company’s clients in the United States flexible loans that cater to the needs of short-term rental property managers.
The deal is being done in partnership with financial services company Parafin, which the companies said would ensure the expertise and infrastructure necessary for seamless financing for property managers.
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“Through our partnership with Parafin, we are thrilled to introduce Hostaway Capital, a finance product designed to support the ambitions and operational needs of vacation rental property managers across North America,” Hostaway CEO and co-founder Marcus Rader said. “This initiative is a testament to our commitment to providing comprehensive solutions beyond property management software, helping our clients achieve sustainable growth. Our foundational belief is that our customers’ success is our priority.”
Last year Finland-based Hostaway raised $175 million in an investment led by growth equity firm PSG.
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