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December 11, 2020
Among the hardships some consumers are bearing these days, rent payments can loom large. This week, a housing-payments startup called Xspaced and payments provider Dwolla Inc. launched a feature that allows tenants to split rent payments into anywhere from two to four installments each month without accruing interest. Landlords still get paid monthly with the new feature, which Oakland, Calif.-based Xspaced likens to a “
The feature, called FlexRent, is part of a Web-based application Xspaced, which began operations earlier this year, offers to both tenants and landlords. Information on how many users the app has attracted so far was not immediately available. The company positions the new feature as a direct response to financial hardship many renters may have experienced because of shutdowns and other measures aimed at controlling the spread of Covid-19.