Managing rental property finances remains one of the most time-consuming challenges in real estate investing, with landlords juggling spreadsheets, consumer payment apps like Venmo and Zelle, generic accounting software, and multiple banking accounts. The 14 million individual real estate investors across the United States—who own half of the country’s rental supply—face fragmented workflows that drain hours each week from their businesses. Baselane addresses this problem with an integrated financial platform purpose-built for rental property owners, combining banking, rent collection, and AI-powered bookkeeping in a single system. The platform enables investors to organize funds across unlimited property-specific accounts, automate transaction categorization, and generate tax-ready reports—saving the average user 150 hours and $5,000 annually. With the recent launch of Baselane Smart, the company now offers AI-driven automation that handles receipt matching, transaction tagging, and proactive fund transfers, bringing institutional-grade financial tools to individual landlords.
AlleyWatch sat down with Baselane CEO and Cofounder Mathias Korder to learn more about the business, the company’s origin, recent funding round, future plans, and much, much more…
Who were your investors and how much did you raise?
We’ve raised $34.4M in new funding: a $20M Series B led by Thomvest Ventures and a previously unannounced $14.4M Series A led by Matrix Partners, with participation from Diagram Ventures, Starwood Capital, Parameter Ventures, Activant Capital, RXR ARDEN Digital Ventures, and Watershed Ventures. In total, Baselane has raised $44.3M to date.
Tell us about the product or service that Baselane offers.
Baselane is an automated banking and financial management platform built for individual real estate investors—integrating banking, rent collection, and accounting. Customers use Baselane to organize funds, manage expenses, automate payments, keep books tax-ready, and see real-time cash flow across properties.
We’ve also recently launched Baselane Smart, an AI and automation solution to streamline tasks like transaction categorization, receipt matching, and proactive fund transfers to cover bills. Empowered by software that delivers institutional-grade insights traditionally reserved for large-scale investors, individual landlords will gain deeper financial visibility, reduce manual financial busywork, and make faster, more informed property decisions, freeing up time to focus on what matters most.
What inspired the start of Baselane?
The 14M US individual real estate investors own roughly half of the U.S. rental supply, but their “financial stack” was manual and fragmented tools across legacy banks, spreadsheets, expensive accountants, consumer payment apps, and generic small-business tools. We launched Baselane to replace that fragmented workflow with a single, landlord-specific finance platform that saves time by streamlining/automating workflow and providing financial clarity to help investors manage their properties with confidence.
How is Baselane different?
All financial tools individual real estate investors use today are general-purpose point solutions (e.g. payments-only or bookkeeping-only built for consumers, like Venmo or SMBs like QuickBooks). Baselane combines banking, expense management, AI-powered bookkeeping, tax preparation, and automated rent collection, all under one roof, specifically designed for rental property owners.
What market does Baselane target and how big is it?
We focus on the 14M individual real estate investors across the US that own 50% of the US rental supply, and support the partners, accountants, and property managers they collaborate with.
What’s your business model?
Baselane offers a free Core plan (including banking, rent, and bookkeeping) and Baselane Smart, a subscription suite focused on financial automation. We primarily monetize our services through banking deposits, payment flows, and subscription fees.
How are you preparing for a potential economic slowdown?
Our customers own the essential homes that a large percentage of Americans depend on to live, making this a very resilient market. In fact, in the US, there is a severe shortage of rental properties. Landlords tighten their belts during downturns, prioritizing cash-flow clarity, on-time collections, and clean books. At the same time, the downturn presents excellent opportunities to purchase new rental properties as rates decline and home prices offer attractive yields. Our roadmap doubles down on automation and insight, the levers that help owners operate efficiently and avoid costly mistakes when markets are choppy.
What are the biggest challenges that you faced while raising capital?
Building our vision requires building an expansive platform and system of record across multiple products (banking, bookkeeping, taxes, analytics). This required a significant amount of time and a substantial capital investment to build. This required our investors to have high conviction in our vision. We also had to create a great product experience, demonstrating how consolidation outperforms stitching together consumer apps and generic accounting tools.
What factors about your business led your investors to write the check?
Three things: (1) a clear category leader narrative in the large landlord financial management space; (2) strong, efficient growth with automation-driven retention; (3) a product that aligns with a macro trend—the rise of first-time landlords who need an out-of-the-box finance stack.
Three things: (1) a clear category leader narrative in the large landlord financial management space; (2) strong, efficient growth with automation-driven retention; (3) a product that aligns with a macro trend—the rise of first-time landlords who need an out-of-the-box finance stack.
What are the milestones you plan to achieve in the next six months?
Our key milestone for the next 6 months focus on significant customer expansion, launching new advanced functionality to our bookkeeping product, including new reporting, and launching a native iPhone and Android app
What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?
Focus on unit economics and expanding products with your existing customers. Get a clear understanding of your runway and cut non-essential spend. Find strategic partners that want to co-invest and help scale your product with no marketing spend, you can share economics with them.
Where do you see the company going now over the near term?
Our focus is on continuing to build our core product, expanding our customer base, and building the best financial tools for our customers across long-term, short-term, and mid-term rental strategies.
What’s your favorite fall destination in and around the city?
Hudson Valley for a hike or road biking tour. There are many great places, only 1 hour from NYC, like Harriman State Park.
