Chroma Property Technologies
With the goal of changing the relationship between renters and landlords, Chroma Property Technologies has created a renter-centric technology that helps those involved in the rental market with the many challenges that can come with it. Their platform helps renters find a place to live, pay rent, build credit while allowing property managers to streamline the payment and collections process and track references. The Chroma marketplace will help renters find great homes and help property managers find great renters.
Approximately one-third of North Americans are in the rental market. Renting presents certain challenges: renters can have a hard time proving their history and rental reliability and aren’t able to build credit, while property owners can struggle to retain renters and find reliable tenants. Chroma addresses both sides of the relationship with their technology platform that helps to build a long-term rental experiences and produce better outcomes. By creating a “rental passport”, renters can take their payment history and landlord references with them when they move. They can also use the platform to pay rent and build credit over time. Property owners can access a streamlined payment and collections processing system and find and vet reliable renters with more ease. Chroma has also demonstrated social value through emerging partnerships with Immigrant Services Calgary, Newcomers Canada, HelpSeeker, and Canada Mortgage and Housing Corporation.
Chroma’s founders have a strong track record in technology commercialization and the property management industry. Myles Shedden, CEO, and Riley Pickerl, CTO, both come from senior positions at SkipTheDishes, while Alkarim Devani, Co-Founder and Advisor, is the former CEO of RNDSQR, a Calgary property development and management business. Together they are empowering both renters and property owners and making renting a better experience.
Visit Chroma’s website here.
Chroma Property Technologies has received investment from UCeed, a venture philanthropy fund accelerating UCalgary and community-based startup companies to advance problem-solving research, create jobs and fuel the economy. A key program in the UCalgary innovation ecosystem, UCeed bridges the gap between innovation, demonstration and commercialization, and is managed by UCalgary’s knowledge-transfer and business incubator, Innovate Calgary.
UCeed Social Impact Fund is supported by the generosity of the United Way of Calgary and area and their mission to mobilize communities for lasting social change.