QuintoAndar: Brazil’s Proptech Champion

Digitizing renting and purchasing real estate in Brazil

In Brazil renting apartments or buying homes has historically been a tedious and inefficient process fraught with complexities. Everything from searching for properties to rent or buy to the need to provide guarantors and co-signers and often the requirement for rent insurance have made the whole process cumbersome. However, much like the inefficiencies and challenges of the used-car sales market helped inspire the founding of Kavak in Mexico, the inefficiencies of the property market in Brazil have helped inspire the creation of QuintoAndar.

QuintoAndar is a Brazilian proptech company, founded by Gabriel Braga and André Penha with the vision of streamlining renting and purchasing of real estate in Brazil. QuintoAndar — which means “fifth floor” in Portuguese — provides a digital marketplace that connects tenants and homebuyers to landlords and sellers in Brazil. The platform has evolved to become an end-to-end solution for long-term rentals and property buying and selling.

The company is headquartered in São Paulo and is available in all five regions of Brazil across over 75 Brazilian cities. QuintoAndar is currently the most valuable proptech startup in Latin America and is backed by noteworthy investors like Silicon Valley-based Ribbit Capital, SoftBank’s…