Split Pay Raises $125 Million From Khosla Ventures Thrive Capital And Max Levchin

Split Pay raised $125 million from Khosla Ventures, Thrive Capital, and Max Levchin to help renters smooth cash flow by floating up to 50% of rent for 30 days, charging 2% of the bill plus $10 monthly with no interest or late fees. The company spent its first two years building an AI-driven underwriting model using 50,000 variables and says it has achieved a 97.5% repayment rate across $350 million in originations, positioning rent as a wedge into a broader consumer finance business built around cash-flow data. FOUNDER: Andrew Borovsky INVESTORS: Khosla Ventures, Thrive Capital & Max Levchin AMOUNT: $125,000,000 HQ: Miami, Florida #VentureCapital #SplitPay #AndrewBorovsky #TradedVC