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About Jetty
Industries
Financial Services
Real Estate
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$45.2M
Headquarters
New York City, New York
Founded
2015
Overview
Jetty operates in the real estate market, focusing on financial services for property owners and renters. The company provides products that simplify the renting process and make it more affordable. For property owners and managers, Jetty offers services like security deposit alternatives and renters insurance, which help reduce bad debt and increase occupancy rates. This leads to improved net operating income (NOI) for property owners. For renters, Jetty allows them to avoid large upfront security deposits by offering options such as a low initial payment or a smaller monthly fee, easing the financial burden of moving. Jetty differentiates itself by partnering with reputable industry names to ensure reliable service, making it a trusted resource for property managers and renters alike. The company's goal is to enhance the rental experience for both parties, ultimately increasing lease conversions and making renting more accessible.
Simplify's Take
What believers are saying
- Increased demand for affordable housing boosts interest in Jetty's security deposit alternatives.
- Digital insurance platforms streamline operations for property managers, benefiting Jetty's offerings.
- The merger with Rhino expands Jetty's market share and customer base significantly.
What critics are saying
- Integration challenges from the Rhino merger may disrupt Jetty's operations.
- Reliance on Fortegra and Allianz exposes Jetty to partner-related financial risks.
- Rapid expansion may strain Jetty's operational capacity, affecting service quality.
What makes Jetty unique
- Jetty offers security deposit alternatives, reducing upfront costs for renters.
- Partnerships with Fortegra and Allianz enhance Jetty's credibility in the insurance market.
- Jetty's merger with Rhino creates the largest security deposit platform in the U.S.
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Funding
Total Funding
$45.2M
Below
Industry Average
Funded Over
4 Rounds
SV Angel
BoxGroupGrowth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -4%2 year growth
↓ -4%Rhino and Jetty, the two pioneers of security deposit insurance, announced their merger today, instantly creating the largest security deposit platform in the U.S.…
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Fortegra and Allianz partner with Jetty to form a reinsurance panel for their core product offeringsNEW YORK, Aug. 8, 2024 /PRNewswire/ -- Jetty , the fintech company on a mission to make renting a home more affordable and effortless, today announced a new partnership with Fortegra and Allianz. Under the terms of the partnership, Fortegra and Allianz will become the reinsurance providers for all new policies written under Jetty's core products: Jetty Deposit and Jetty Renters Insurance."This marks an exciting chapter for Jetty," said Mike Rudoy, CEO of Jetty. "Our partnership with Fortegra and Allianz underscores our dedication to delivering top-tier insurance solutions for properties and residents."Fortegra and Allianz offer a robust financial foundation and a reputation for excellence, perfectly aligning with Jetty's ongoing growth. Jetty has partnered with over 200 real estate companies, representing more than three million units nationwide. The company has consistently showcased impressive expansion, achieving over 30% year-over-year unit growth in the first half of this year
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ニューヨーク--(BUSINESS WIRE)--（ビジネスワイヤ） --. シティ財団（「当財団」）は、当財団のグローバルイノベーションチャレンジに関する最新の提案依頼書（RFP）を発行しました。これは、社会の極めて差し迫った問題に取り組む世界中の非営利団体の影響力拡大を支援するための資金提供モデルです。2024年グローバルイノベーションチャレンジでは、合計2500万ドルを促進資金として、ホームレス問題に新たな方法で対処している50の地域団体に拠出します。. 住居不安は世界的な懸念事項であり、国連の推定によると、世界中で約1億5000万人がホームレスとなっています。シティおよびシティ財団は、安全で手頃な価格の安定した住宅が、個人、家族、地域社会の経済的・社会的福祉に大きく貢献するものであると認識しています。
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About Jetty
Industries
Financial Services
Real Estate
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$45.2M
Headquarters
New York City, New York
Founded
2015
There are no jobs for Jetty right now.
Find jobs on Simplify and start your career today