New York is the world’s largest and most expensive property rental market, generating $2.5bn in rent per year.

For a certain number of renters, regardless of income or wealth, this market presents a barrier — expats, young graduates with limited credit history and foreign students, among others, are often faced with paying up to 12 months’ deposit to secure a property because they can’t find a suitable guarantor. The same issue applies to other hubs like London, San Francisco, Geneva and Singapore.

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.

“White Star Capital added significant value for us with their hands-on approach. It was a perfect fit to partner with such an incredibly supportive and internationally-minded fund.”

- Julien Bonneville, Founder and CEO
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Led By

Eric Martineau-Fortin

Investment Date

January 2016

Secteurs

B2C

Business Model

B2C Marketplaces

Headquarters

New York, USA

Statut

Actifs

Initial Investment

Seed Lead
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