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Fintech

TheGuarantors

Digital insurance brokerage for landlords and tenants

  • Julien Bonneville, CEO
  • New York, USA
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  • January 2016
  • Current
  • Seed

The Investment

Landlords' rigid requirements on tenants make it nearly impossible for most Americans and potential tenants in other global hubs to access quality living.

More than half of all Americans are living paycheck to paycheck; including some of those earning $100,000 or more. Moreover, over half of all American residents have less than $1,000 in savings. This makes it nearly impossible for most to put down a security deposit in the amount of one or more months of rent. Equally, high credit core requirements disqualify many potential tenants (including expats, foreign students or young graduates with limited credit history) from the market completely.

TheGuarantors spotted an opportunity to disrupt the market by creating an insurance product with benefits for both renters and landlords. For renters, it provides a more cost-efficient way to secure the property they want; for landlords it issues a lease rental bond which provides complete security on the guaranty deposit for their properties. With a positive knock-on effect on the liquidity of the market, and evident global scalability, TheGuarantors is making life easier for all participants in the rental process.

Why We Invested

Insurance Tech Benefits Landlords and Tenants in our Backing of TheGuarantors

Eric Martineau-Fortin

We see a massive opportunity for technology to help insure these rental leases and we are delighted to announce our investment in TheGuarantors, led by Julien Bonneville.Evolving in an environment which is seeing a lot of potential growth, TheGuarantors’ solution meets the needs of landlords and building property managers, brokers and prospective tenants by offering renters to be their guarantor for a fee. The company helps landlords and renters to connect, and secure the rent payment over the duration of the lease.

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In the News

Insurtech startup TheGuarantors raises $50M

TheGuarantors, a startup that offers a security deposit alternative and lease guarantees to cash-strapped renters, raised $50 million in Series C funding. The raise, led by Portage Ventures, follows the New York-based startup’s $15 million Series B in 2019 and brings its total equity funding to $77 million.

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