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Total amount raised
$14M
Latest funding date
2026-03-25
Location
Chexy has successfully raised $5.6 million over three funding rounds, positioning itself as a notable player in the rental payments and rewards market. The platform allows tenants to pay rent with a credit card, earn rewards, and build credit without requiring landlord participation.
What Is Chexy?
Chexy, founded by Ben Gigone and Lizaveta Akhvledziani, is an early-stage startup based in Toronto, Canada. The company empowers renters with flexible, credit-friendly rent payments and rewards. With a team of approximately 33 employees, Chexy allows tenants to pay rent using credit cards, earn rewards, and build credit without requiring landlord participation.
How Much Funding Has Chexy Raised?
- Series A
- Amount Raised: CAD $14,000,000 (~USD $10.2M)
- Date: March 25, 2026
- Lead Investors: Khosla Ventures
- Participating Investors: Crossbeam Venture Partners, Venrex, Air Canada (Aeroplan)
- Motivation Behind the Round: To scale Chexy's payments platform across Canada, expand its partnership ecosystem, grow its team, and extend from rent rewards into broader everyday and business payment categories.
- Seed Round
- Amount Raised: CAD $4,100,000
- Date: June 2024
- Lead Investors: Venrex
- Participating Investors: Crossbeam Venture Partners, GroundBreak Ventures, Antler Global, and strategic angels in real estate, fintech, and banking
- Motivation Behind the Round: To build additional payments infrastructure so tenants can pay through Chexy regardless of their landlord's preferred payment method and to expand into other household services, including mortgages and utilities.
- Pre-Seed Round
- Amount Raised: CAD $1,300,000
- Date: June 2023 (closed February 2023)
- Lead Investors: Crossbeam Ventures
- Participating Investors: GroundBreak Ventures, Ferst Capital Partners, and strategic angels in real estate and fintech
- Motivation Behind the Round: To grow its team and deliver its rental rewards and credit-building program to more renters across Canada.
- Pre-Seed Round
- Amount Raised: $220,000
- Date: July 2022
- Lead Investors: Undisclosed
- Motivation Behind the Round: To scale its rewards and payments platform for renters.
Total Amount Raised: At least CAD $19.62M (~USD $14.1M based on disclosed funding across all rounds).
Current Valuation: Not publicly disclosed.
Key Investors
- Khosla Ventures
- Details: Khosla Ventures is a prominent Silicon Valley venture capital firm founded by Vinod Khosla. David Weiden, a founding partner at Khosla Ventures, led the firm's participation in Chexy's Series A round. The firm has expressed confidence in Chexy's Canada-first strategy.
- Investment Focus Areas: Fintech, consumer technology, AI, climate tech, early and growth-stage startups.
- Notable Investments: OpenAI, DoorDash, Square, Stripe.
- Venrex
- Details: Venrex is a venture capital firm based in London, known for investing in early-stage companies. Ian Goldberg, Principal at Venrex, has praised Chexy's rapid user growth and potential. Venrex led Chexy's Seed round and participated in the Series A.
- Investment Focus Areas: Consumer finance infrastructure, innovative financial solutions, early-stage startups.
- Notable Investments: Revolut, Charlotte Tilbury, Just Eat.
- Crossbeam Ventures
- Details: Crossbeam Ventures is a venture capital firm focused on early-stage investments in technology and innovative platforms. They led Chexy's pre-seed round and have participated in the seed and Series A rounds as a returning investor.
- Investment Focus Areas: Technology, fintech, early-stage startups.
- Notable Investments: Notion, Figma, Airtable.
- Groundbreak Ventures
- Details: Groundbreak Ventures is a venture capital firm specializing in real estate technology and fintech. They participated in both the seed and pre-seed funding rounds for Chexy.
- Investment Focus Areas: Real estate technology, fintech, proptech.
- Notable Investments: Properly, Lane, Rentlytics.
- Antler Global
- Details: Antler Global is a global early-stage venture capital firm that supports startups from the ground up. They participated in Chexy's seed funding round.
- Investment Focus Areas: Fintech, healthtech, deep tech.
- Notable Investments: Airalo, Reebelo, Sampingan.
- Ferst Capital Partners
- Details: Ferst Capital Partners is a venture capital firm that focuses on fintech and technology investments. They participated in Chexy's pre-seed funding round.
- Investment Focus Areas: Fintech, technology, early-stage startups.
- Notable Investments: Wealthsimple, Borrowell, Koho.
What's Next for Chexy?
Chexy is poised to capitalize on a significant opportunity by expanding its platform to include payments for other household services such as tenant insurance, WiFi, and phone services. This expansion could transform Chexy into a comprehensive household wallet, catering to over 15 million renters across Canada. The potential to bundle all household service payments with rent at a discounted rate further enhances its appeal.
Given the successful seed round, Chexy is likely to pursue additional funding to support its ambitious growth plans. However, the company may face challenges in ensuring seamless integration with various landlords' preferred payment methods and maintaining rapid user growth while expanding service offerings. Navigating regulatory requirements and changes in the financial and real estate sectors will also be crucial for Chexy's continued success.
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