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B2B services rental platform settlrs raised $1 million from canbank Ventures & MaGEHold

B2B services rental platform Settlrs raised $1 million from Canbank Ventures, alongside HNI’s and Singapore based VC’s MaGEHold PTE and JN Capital.

Settlrs give furniture, home appliances, wellness gear and IT foundation to new companies and co-residing spaces on a rent basis, plans to foray into the B2C space and will presently be utilizing funds to set up a fintech stage and for business development to more urban communities from current 15 urban areas and it has leased 35,000 assets so far to over 50 businesses.

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