Property management platform Crib acquires rent financing company CirclePe

Crib, a property management platform for co-living spaces, has acquired rent financing company CirclePe. This strategic move integrates embedded finance into the rental process, eliminating security deposits for tenants and providing operators with advance rent payments. CirclePe, founded by Navan Jaiswal and Ankur Yadav, previously secured significant pre-seed funding. The acquisition aims to streamline rental transactions and boost working capital for operators.