StretchBill
Founded in 2023, StretchBill creates a pay-over-time
option for those booking short-term rentals, including an option that lets individuals
traveling together each take responsibility for specific payments.
For property managers, StretchBill enables them to
take online bookings with lower processing fees than the typical credit card rate
of 3%.
What
is your 30-second pitch to investors?
StretchBill
is an alternative to credit card payment, offering a pay-over-time option that
works like layaway, not lending. Those booking short-term rentals connect their bank account and
agree to a payment schedule, with the booking paid in full before arrival –
typically over six weeks. StretchBill also offers a unique solution for groups
booking a trip together called GroupPay where the payment schedule is set with
a different person paying each week. StretchBill’s first market is vacation
rentals, with a plan to expand to other proptech and…
