What’s up with the Rent.com.au (ASX:RNT) share price?

The Rent.com.au Ltd (ASX: RNT) share price has had a volatile year so far on the ASX but is still up 380% year to date.

Having finished January trading at 4 cents, the company’s shares reached 31 cents by 15 February – a massive 675% increase in the short time frame. Since then, however, the company’s shares have dropped back to 24 cents at the time of writing, an almost 23% drop in little more than a month.

Let’s take a look at what’s been moving the company’s share price.

Fintech and millionaires

Two significant happenings have been announced by Rent.com.au in recent months.

The first sparked intense interest amongst investors, as Australian technology entrepreneur Bevan Slattery invested $2.75 million into the…