Jetty

Jetty

Provides deposit alternatives and renters insurance

Overview

Jetty provides financial services for the rental real estate market. It offers security deposit alternatives and renters insurance to property managers and individual renters. For property owners, these products reduce bad debt and increase lease conversions by lowering move-in costs and providing protection, which helps fill more units and raise net operating income. For renters, Jetty makes moving in more affordable by allowing a low upfront payment or a small monthly fee instead of a full security deposit. The company earns fees from the security deposit alternatives and renters insurance. Its strategy includes partnering with established industry names to ensure reliable service and attention to detail, aiming to help property managers and renters alike and to grow the rental market by making leases easier to secure and more affordable.

About Jetty

Simplify's Rating
Why Jetty is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Financial Services

Real Estate

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$46.5M

Headquarters

New York City, New York

Founded

2015

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Simplify's Take

What believers are saying

  • Jetty’s website says 2 million rental units across the country as of 2026.
  • Morgan Properties still sells Jetty Deposit across 300 communities, proving enterprise distribution.
  • Jetty Protect pricing starts at $5 monthly, supporting renter adoption and conversion.

What critics are saying

  • Jetty’s captive distribution depends on participating properties; renters cannot buy standalone coverage.
  • A 2024 pause on new business showed underwriting fragility; another claims shock can halt growth.
  • Rhino integration, reinsurance dependence, and pricing competition compress margins and force consolidation.

What makes Jetty unique

  • 2025 Rhino merger created largest U.S. security-deposit platform, serving 6 million rental units.
  • Jetty embeds deposit alternatives and renters insurance directly into property-manager leasing workflows.
  • Jetty’s 2024 Fortegra and Allianz reinsurance panel strengthens underwriting capacity and credibility.

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Funding

Total Funding

$46.5M

Below

Industry Average

Funded Over

5 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

↓ -1%

1 year growth

↑ 1%

2 year growth

↑ 0%
Digital Tech s.r.l.
Feb 10th, 2025
Rhino and Jetty Merge to Create the Largest Security Deposit Insurance Company in the Market

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.…

Coverager
Feb 6th, 2025
Rhino And Jetty Merge

Rhino <i class="fa fa-info-circle company-popover" data-content="h3Rhino/h3. div. table

PR Newswire
Aug 8th, 2024
Jetty Announces Partnership With Fortegra And Allianz

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

Coverager
Aug 8th, 2024
Jetty Announces Partnership With Fortegra And Allianz

Jetty <i class="fa fa-info-circle company-popover" data-content="h3Jetty/h3. div. table

Business Wire
Jan 18th, 2024
シティ財団、ホームレス問題の先駆的な解決策を目指す非営利団体の強化を目的とした2024年グローバルイノベーションチャレンジを発表

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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