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Industries
Fintech
Real Estate
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$162.9M
Headquarters
New York City, New York
Founded
2017
Rhino provides an alternative to traditional security deposits in the rental market by allowing renters to pay a small monthly fee for an insurance policy that covers potential damages and unpaid rent. This model makes moving more affordable for renters and helps landlords protect their properties without requiring large upfront deposits. Unlike traditional methods, Rhino attracts a wider range of tenants and operates as a licensed insurance agency in several states. The goal is to simplify the rental process and make it financially manageable for both renters and landlords.
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Total Funding
$162.9M
Above
Industry Average
Funded Over
4 Rounds
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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McNeel Europe (the team behind Rhino) are partnering with MORPH to bring you Advancing Computational Design Workflows at MORPH.
Rhino, which pioneered security deposit insurance in 2017 and services a six-million-home partner network, today announced that Omega Realty Group is using the new Rhino+ platform to manage security deposits for renters.Rhino+ is the rental industry’s first digital deposit platform that simplifies and modernizes the security deposit process, making renting easier, transparent and affordable.“Rhino has been a trusted partner for over three years, helping protect our thousands of rental units with security deposit insurance. With Rhino+, we now offer our renters the choice to use cash or insurance as part of their move-in experience,” said John Ashley, Omega Realty Group. “We look forward to continuing our partnership with Rhino and delivering a digital experience to our residents, allowing them to move in seamlessly while protecting our assets.”Leasing teams typically deal with physical deposit checks that must be brought to the bank and held in an escrow account. Property owners often have to track these payments in software platforms coded in the 80s that can’t always be used on personal computers. Cash sits in escrow, inaccessible until the end of the lease. The process is required for every unit, taking up to 20 hours per month.“Rhino+ alleviates the headache of the traditional security process by giving owners and renters choices,” said Ben Lantos, Rhino’s CEO and co-founder
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Industries
Fintech
Real Estate
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$162.9M
Headquarters
New York City, New York
Founded
2017
Find jobs on Simplify and start your career today
Discover companies similar to Rhino