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

  • 30% YoY unit growth and 200+ real estate company partnerships drive scale.
  • Fortegra and Allianz reinsurance partnership strengthens financial stability and underwriting.
  • Jetty Credit expands addressable market by helping renters build credit history.

What critics are saying

  • Rhino merger integration failures trigger customer churn within 6-12 months.
  • High consumer complaints and regulatory scrutiny reduce property manager adoption rates.
  • Fannie Mae subsidy ends in 2027, causing Jetty Credit abandonment and revenue loss.

What makes Jetty unique

  • Integrated platform combining deposit alternatives, renters insurance, and credit reporting.
  • Largest security deposit insurance platform post-Rhino merger with 3M+ units.
  • Fannie Mae partnership subsidizes Jetty Credit, reducing customer acquisition costs.

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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

3%

1 year growth

-4%

2 year growth

3%
InsurTechNews
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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