Rent Your Home Easy
Enjoy Simple Approval and Rent Safe
The Rental Market Is Broken
Europe's mid- and long-term rental market is overflowing with fraud, delays, and bureaucracy. Landlords waste hours verifying documents; tenants face endless rejections and risks. The result is a system built on mistrust.
Challenges for Landlords
68% Duplicate Listings
Fragmented inventory across EU portals wastes 147 hours/year searching.
69 Minutes GLI Friction
Post-search journey break causes 61% drop-off and 23% application abandonment.
3.8% Fraudulent Listings
€214M annual fraud losses in France alone. Average loss €870 per victim.
No Cross-Border Support
312,000 EU residents blocked annually due to missing documentation.
Challenges for Tenants
78% Expats Rejected
Zero cross-border coverage means EU residents face automatic rejections.
€870 Average Fraud Loss
8.7% of renters become fraud victims. C2C platforms lack verification.
6+ Documents Required
Current GLI requires uploading 6+ documents with 15-120 min approval wait.
€4,189 Lost Per Cycle
Opportunity cost from manual searching across fragmented portal ecosystem.
Quantified Market Pain Points
68% duplicate listings, 61% GLI drop-off, €214M annual fraud losses in France alone.
12 portal APIs unified, AI deduplication, native GLI underwriting with 18.7% loss ratio.
A Verified Digital Ecosystem That Ends Uncertainty
ONIRO connects landlords and tenants in a transparent, AI-driven environment. With automated verification, smart matching, and instant contracts, renting becomes 20x faster and nearly fraud-free.
| Feature | ONIRO | Competitors |
|---|---|---|
| Cross-portal search | 12 sources | 1 source each |
| Native GLI approval | <60s · €49 flat | 15 min · redirect |
| C2C fraud protection | AI + human | Basic/None |
| Cross-border support | 10 EU countries | 1 country |
For Landlords
Unified Search Layer
4.2M listings aggregated from 12 EU portals. AI deduplication eliminates 68% duplicate listings.
<60s GLI Approval
Native underwriting with €49 flat fee. Open Banking verification replaces 6+ document uploads.
18.7% Loss Ratio
AI-powered tenant scoring. XGBoost fraud detection. Liberty Mutual reinsurance cap.
End-to-End Automation
From search to signed lease in 48 hours. eIDAS 2.0 contracts. Stripe SEPA payments.
For Tenants
Single Verified Profile
Biometric KYC via Veriff. One upload works across all integrated portals.
Cross-Border Ready
EU-wide identity verification. SCHUFA/Experian integration. 78% expat acceptance vs 22% today.
Secured Escrow
Stripe Treasury protected deposits. 48h automatic return post move-out. Legal interest applied.
Transparent Scoring
Understand exactly why you match. Income, lifestyle, guarantor factors all visible.
Unified User Experience (Mobile-First)
€785.M TAM with +10.3% CAGR
ONIRO is the first operator to simultaneously resolve European rental search fragmentation (€12.8B market) and the C2C GLI gap (€427M). A unified search layer with native GLI underwriting.
EU rental aggregation + GLI + cross-border relocation
3 portal partnerships in negotiation
Cross-border segment growing at +22.1% CAGR
Market Sizing Breakdown
Verifiable calculations based on 2025 market data
| Segment | Calculation | Value | CAGR |
|---|---|---|---|
| Rental Search Aggregation | 12.4M new lettings/year × €33.75 avg. search value | €418.5M | +4.2% |
| C2C GLI Market | 1.85M C2C lettings × €46.20 avg. premium | €85.5M | +18.3% |
| Professional GLI Market | 4.3M professional lettings × €29.80 avg. premium | €128.1M | +6.7% |
| Cross-Border Relocation | 840K EU migrants × €185 avg. service fee | €155.4M | +22.1% |
| TOTAL TAM | - | €787.5M | +10.3% |
5 Synergistic Revenue Pillars
Diversified revenue architecture with high margins across all streams
AI Monetisation Paradigm Shift
Strategic transition from subscription-dominant to usage-based + data revenue model
| Revenue Stream | Year 1 | Year 2 | Year 3 |
|---|---|---|---|
| Fixed Subscriptions | 32% | 29% | 22% |
| Usage-Based (Commissions + GLI) | 52% | 56% | 68% |
| Data Products (B2B API) | 3% | 6% | 10% |
36-Month Financial Projections
Path to profitability: Breakeven Q3 2027 (Month 21 post-launch)
| Year | Revenue | EBITDA | Margin | Focus |
|---|---|---|---|---|
| Year 1 (2026) | €890K | -€246K | -28% | MVP launch, 3 portal APIs, GLI ORIAS licence |
| Year 2 (2027) | €3.77M | +€979K | +26% | DACH + Iberia expansion, B2B SaaS launch |
| Year 3 (2028) | €10.75M | +€4.00M | +37% | 12 countries, 15 portal APIs, embedded finance |
Unit Economics
Superior metrics across every dimension vs. industry benchmarks
LTV Formula: €49 × 4.37 avg. renewals (76% retention) × 83% margin = €214
4 Threat Tiers, 1 Unified Solution
15 EU PropTech players analysed across portals, GLI specialists, aggregators, and C2C marketplaces. 80% are limited to a single niche. ONIRO is the only player combining portal volume + InsurTech security + mid-term UX.
Feature Comparison Matrix
ONIRO vs. market leaders across key capabilities
| Feature | ONIRO | Idealista | SeLoger | GarantMe | Leboncoin |
|---|---|---|---|---|---|
| Cross-portal search | |||||
| Native GLI < 60s | |||||
| C2C fraud protection | |||||
| Cross-border support | |||||
| Unified dashboard | |||||
| 12 portal APIs |
Competitive Landscape by Tier
Weakness: Zero EU expansion; no GLI
Weakness: No cross-border; GLI = redirect
Weakness: Weak mobile; no GLI integration
Weakness: GLI = redirect to GarantiaAlquiler.es
Weakness: FR only; 23% upload drop-off
Weakness: FR only; 32% monthly churn
Weakness: 78% leads via SeLoger dependency
Weakness: UK only; Brexit regulatory risk
Weakness: 19% booking drop-off; no long-term
Weakness: 20% photo vs reality gap; mid-term only
Weakness: Germany only; zero EU expansion
Weakness: 3.8% fraud rate; minimal verification
Weakness: 5.1% fraud rate; no trust layer
Weakness: 5.2% fraud rate; free since 1998
ONIRO Defensive Moat
Four pillars creating compounding barriers to entry
Regulatory
ORIAS licence #23018457 (filed Q1 2026) + eIDAS 2.0 compliance. Barrier to entry for competitors.
Distribution
Active discussions with 3 market-leading portals for rev-share API partnerships. Network effect compounds.
Data
Cross-portal behavioural dataset enables superior fraud detection (patent pending). Irreplicable advantage.
Network Effects
More portals = better deduplication = higher conversion = more portals. Flywheel accelerates with scale.
Strategic Verdict: €73 per user/month – 2–4× higher than niche RGI, 10× higher than freemium.
ONIRO is the only player combining portal volume (Tier 1) + InsurTech security (Tier 2) + mid-term UX (Tier 3) while eliminating structural weaknesses (20-80% scams, 20-80% churn, single-country limits).
Economics Built for Scale, Not Pricing
Lean PropTech model with validated unit economics and predictable profitability. Volume-driven growth with fixed-cost dominance ensures expanding margins at scale.
ARPU / Paying Client
Blended across all tiers
CAC
Google Ads acquisition
Break-even Users
763 paying clients
Profitability
250–200 acq/month
Unit Economics at Scale
Cost per paying client decreases from €962 to under €20 as volume scales
Cost Structure Breakdown
Fixed costs: €13,270/month · Variable costs: €0.85 per user at scale
Break-even Analysis
Profitability is driven by volume, not pricing
Growth Scenarios
Growth velocity is the primary lever of success
Market Expansion Path
Spain → France → Europe · Model is geographically scalable
Madrid & Barcelona launch. LAU-compliant 12-month leases. 77% market acceptance.
Alur-compliant furnished contracts. 50% market acceptance. Q3 2026 target.
GDPR + eIDAS 2.0 ready. Geographically scalable model. 12+ countries by 2028.
Predictable Path to Profitability
Lean structure + scalable economics = controlled, predictable growth
Marketing optimization (€1,000 → €500/mo) adds +€5,100/year net profit
Validated Pipeline
Active partnership discussions with 3 major EU portals indicating strong market interest. 8,420 verified renters on waitlist with 42% cross-border intent. MVP launching Q2 2026 in Madrid and Barcelona.
Verified Waitlist
42% cross-border EU intent
Portal Interest
In active discussions
Breakeven Target
Month 21 EBITDA positive
Target Market Validation
Spain & France combined: 5.05M new lettings/year
| Country | Annual Lettings | C2C Share | GLI Penetration | Opportunity |
|---|---|---|---|---|
| Spain | 2.14M/year | 31.4% | 4.7% | 6× GLI gap vs France |
| France | 2.91M/year | 48.6% | 28.3% | EU leader in C2C rentals |
Phased European Deployment
France Beachhead
- Target 3 major EU portal API integrations
- GLI MVP with ORIAS licence
- Liberty Mutual reinsurance partnership
- Target: €693K ARR · 42% GLI attach rate · 500 beta users
DACH + Iberia Expansion
- Expand to 8+ major EU portal integrations
- Madrid→Berlin & Paris→Barcelona corridors
- Anti-fraud B2B SaaS launch to 3 portals
- Target: €3.77M ARR · +2.1M users · €315K SaaS ARR
Pan-European Dominance
- 12 countries · 15 portal APIs
- Embedded finance: rent payment rails + insurance bundling
- Native GLI licences in 8 countries
- Target: €10.75M ARR · 8.42M addressable users
36-Month Financial Trajectory
| Metric | Year 1 (2026) | Year 2 (2027) | Year 3 (2028) |
|---|---|---|---|
| Revenue | €890K | €3.77M | €10.75M |
| EBITDA | -€246K | +€979K | +€4.00M |
| EBITDA Margin | -28% | +26% | +37% |
| Gross Margin | 79% | 83% | 85% |
| CAC Payback | 4.2 mo | 3.8 mo | 3.1 mo |
Breakeven projected at Q3 2027 (Month 21 post-launch) with LTV = €49 × 4.37 avg. renewals × 83% margin = €214
Global Expertise, Local Insight
Our founding team blends SaaS innovation with real-estate depth. Each brings the precision of global SaaS and the pragmatism of European property markets.
Vsevolod Parypa
Head of Product
SaaS Growth & Design
Manu Tabart
CEO, Global Head of Marketing
PropTech FRA
Volodymyr Maksymov
Sr. Full-Stack Engineering
Software Architecture
Simohammed Nouali
Investor & GTM ES Ops
Go-to-Market Operations
VC-Level Due Diligence
Comprehensive risk assessment with quantified mitigations. Transparent analysis designed for institutional investor review.
Total Risks Identified
Mitigated
Monitored
Unaddressed
Risk Assessment Matrix
Categorized by type, probability, and impact with specific mitigations
| Category | Risk | Prob. | Impact | Mitigation | Status |
|---|---|---|---|---|---|
| Market Risk | Portal API Access Denial | Medium | High | DSA 2027 mandates interoperability; 3 portal partnerships in active discussion; rev-share model aligns portal incentives | Mitigated |
| Market Risk | Competitor Response | High | Medium | 18-month first-mover window; ORIAS licence creates 6-month regulatory moat; patent-pending fraud detection | Monitored |
| Regulatory Risk | ORIAS Licence Delay | Low | High | Filed Q1 2026 with specialist broker; parallel UK/DE licence applications; reinsurance discussions ongoing | Mitigated |
| Regulatory Risk | GDPR/eIDAS Compliance | Low | Medium | External DPO from M1; Veriff eIDAS 2.0 certified; EU-only data residency (AWS Frankfurt) | Mitigated |
| Operational Risk | GLI Claims Spike | Medium | High | 18.7% target loss ratio; AI scoring reduces adverse selection; Liberty Mutual reinsurance cap at 120% MLR | Monitored |
| Operational Risk | Key Person Dependency | Medium | Medium | 4-year vesting with 1-year cliff; documented processes; succession planning from M6 | Monitored |
| Technology Risk | AI/Fraud Model Accuracy | Medium | Medium | XGBoost ensemble with human-in-loop; 6-month training on 4.2M historical listings; continuous retraining | Monitored |
| Technology Risk | Platform Security Breach | Low | High | AES-256 encryption; Snyk DevSecOps; quarterly pen-testing; €2M cyber insurance (AXA Pro) | Mitigated |
| Financial Risk | Runway Exhaustion | Low | High | 6% contingency buffer; monthly burn tracking; break-even at M21; bridge round option at M12 | Mitigated |
| Financial Risk | Revenue Below Forecast | Medium | Medium | Conservative 37% buffer on sector benchmarks; multiple revenue streams; pivot to B2B SaaS if needed | Monitored |
Legal & Compliance Checklist
Pre-investment due diligence items
ORIAS broker licence filed
3 portal partnership discussions
Reinsurance discussions ongoing
GDPR DPO contracted
Cyber insurance bound
Legal entity established (Spain SL)
Founders vesting agreements
IP assignment registered
Transparent Risk Communication
We believe proactive risk disclosure builds investor trust. All identified risks have documented mitigations and monitoring protocols. Quarterly risk reviews are shared with all investors. Our risk appetite is conservative during the pre-seed phase, prioritizing regulatory compliance and capital preservation over aggressive growth.
Pre-Seed: €1.2M Target
Raising €1.2M Pre-Seed with 18-month runway. ARR target €1.2M. Series A valuation target €8M (6.7× ARR). Breakeven Q3 2027 (Month 21).
Target Raise
Pre-Money Valuation
Equity Offered
Runway
Capital Allocation (€1.2M)
Precise 18-month budget breakdown based on operational planning
18-Month Milestone Roadmap
MVP Launch
3 portal APIs live, ORIAS licence filed, 500 beta users
Product-Market Fit
42% GLI attach rate, €145K ARR, Liberty Mutual reinsurance
Scale Operations
8+ portals, DACH expansion, €693K ARR
Series A Ready
€1.2M ARR target, 6.7× ARR valuation, breakeven path
Exit Multiple Analysis
Based on EU PropTech comparable transactions
| Scenario | Timing | Revenue | Multiple | Valuation | Prob. |
|---|---|---|---|---|---|
| Base Case | 2029 | €10.75M | 6.5× | €70M | 65% |
| Bull Case | 2028 | €15.2M | 8.2× | €125M | 25% |
| Bear Case | 2030 | €6.1M | 4.1× | €25M | 10% |
Why Invest Now? The 18-Month Window
EU Digital Services Act (DSA)
Mandates portal interoperability from Q1 2027 — forced API access creates unprecedented market opportunity
Portal Margin Pressure
Major EU listing platforms actively seeking API-driven revenue-sharing partners to defend margins
C2C GLI Market Inflection
Penetration jumping from 0.5% to 8.7% post-Leboncoin partnership — timing is critical
First-Mover Window
18 months to secure 8+ portal APIs before copycat operators emerge with similar strategies
Major EU platforms
Month 21 EBITDA positive
VC green light metrics