Baselane Launches Landlord Banking Platform to Simplify the Management of Rental Property Finances Following $8M USD Seed Raise
Mar 17, 2022
Diagram is pleased to share that Baselane, an end-to-end banking and financial management platform for individuals landlords and real estate investors announced the expansion of its category-leading product with the launch of a fully integrated banking platform in association with Blue Ridge Bank N.A.. Learn more about the announcement here.
This launch follows on the heels of a nearly $8M fund raise that closed in November 2021 — featuring investment from Diagram alongside Activant Capital, Collaborative Fund, Conversion Capital, and Thomvest Ventures.
Baselane is the only end-to-end financial platform designed to meet the needs of nearly 11 million individual landlords and real estate investors in the US and with the new launch, landlords can now open and manage banking accounts tailored to the specific needs of their investment properties with ease, allowing them to get clear insights into their property finances to make better business decisions, and maximize the return on their investments.
Some of the key benefits to using Baselane for independent landlords and real estate investors are:
Multiple banking accounts on one platform, with the ability to create custom accounts to keep expenses organized and funds separated
Smart debit cards that empower landlords to control and manage expenses
Free and rewarding banking account with no fees on cash withdrawals or transfers, deposit minimums, unlimited 1% cashback with a Baselane debit card and more
Seamless integration into financial tools for landlords & individual real estate investors including single-click bookkeeping, automated rent collection, cash flow and expense tracking, and more
Congratulations to the team at Baselane on this exciting milestone!