Brazilian Proptech Unicorn QuintoAndar Business Back on Track

Brazilian proptech QuintoAndar is resuming its growth plans and ending July with business levels returning to pre-pandemic levels. Part of the select group of about a dozen unicorns headquartered in Brazil and backed by investors such as SoftBank and General Atlantic, QuintoAndar is a pioneer in the digitization of the entire property rental business, coupled with a credit analysis engine powered by Big Data and artificial intelligence. It has over BRL 30 billion (USD 5.7 billion) in assets under management in 30 cities in the nine metropolitan regions across Brazil. An element of the startup's unique selling proposition that has been particularly relevant in the current circumstances is a guarantee that ensures the payment of late rent payments to property owners, in place since 2015.