Castia

Built Rewards for Latam. Pay Rent and get benefits.

Y CombinatorWinter 2022InactiveReal Estate and ConstructionHousing and Real EstateFintechConsumerProptech

What they do

Problem

Rent payments in Latam are typically unrewarding and don’t help tenants build credit or save toward home ownership while limiting landlords’ payment benefits.

Solution

A rent payment platform that lets tenants pay rent with various methods while earning rewards, building credit, and saving for a down payment, and provides benefits to landlords.

Who it's for

Tenants and landlords in Latin America who pay or collect rent.

Founders

Mauricio Peñaranda

Founder

Mauricio graduated from Industrial Engineering in Colombia and started his career as a management consultant. After that, he did his MBA at Columbia Business School and return to work in Colombia with McKinsey & Company. After that, he joined the early team at Clever Leaves, a medical cannabis start-up in Colombia which went public to NASDAQ by the end of 2020. At that point, confirming entrepreneurship was his passion, he decided to co-found Castia, where he works currently as CEO.

Nicolas Penaranda

Founder

I have been buying and selling apartments as side-business for the past 15 years. Started my career with +5 years of management consulting experience in the banking and insurance sector. In 2016 decided to quit my job and co-founded an ag-tech startup to improve productivity and efficiency for small farmers in Colombia, failed after 18 months. Then co-founded a consumer business to sell healthy snacks in Colombia and sold part of it to a FMCG player in Colombia during COVID.