Q two of the partners in the fund, if we could grab some voices from the founders themselves, they were like, of course, So today we are joined by Gabriel Braga, the co-founder and CEO of Quinto Andar, the five billion dollar real estate tech company founded in 2012 in Brazil. Can you explain how the platform works and what your journey to start and grow the company has been like?
A Definitely. Uh, we enable seamless housing experience from, from searching for a home Towards the transaction and after the transaction during the leaving, as long as you live in that property. So we started, uh, back in. Focused on long-term rentals. And we chose that segment because it was the, the most neglected part of the market was particularly painful in Brazil. And in addition to all the inefficiencies in, in find your home, I mean, duplicate listings, pool photos, incomplete info online. Tenants were required in Brazil to provide a very cumbersome and expensive rent guarantee, while the landlords were afraid of not receiving the rent on time and having headaches with delinquent tenants and, and evictions. And we fixed the transaction by eliminating the need of those rent guarantees from the tenant side, but guaranteeing the rent on time for the landlord, no matter what happened. So right now we are about 10 times bigger than our closest competitor. We are the largest platform in Brazil, one of the largest in the world. We have more than a 120,000 ongoing rentals that we manage on a monthly basis. But just like we did in rentals where we kind of reinvented the transaction itself, how it's done, we, we intend to do this in, in, in the home buying segment. Um, and in a bit more than a year of operation, we have more than 10,000 for sale transactions, uh, rent rate right n…
AI assessment note: “we fixed the transaction by eliminating the need of those rent guarantees”