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Up&Up operates in the real estate rental market by allowing renters to build wealth while renting. Instead of a traditional security deposit, renters contribute to an Up&Up Wallet, which enables them to share in the rental property's profits and any increase in its value. This model targets individuals who want to rent but also aim for homeownership or savings. Renters start with a contribution that is twice the monthly rent and can add more at any time, increasing their share of profits. Leases are typically two years long, and at the end, renters can use their wallet to buy the home, move to another rental, or cash out. This approach encourages renters to maintain their properties, benefiting both the renters and Up&Up by reducing maintenance costs and enhancing the community experience. The goal of Up&Up is to empower renters to build wealth and potentially transition to homeownership.
Company Stage
Seed
Employees
11-50
Industries
Financial Services, Real Estate
Total Funding
$276.5M
Headquarters
N/A
Founded
2017
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Competitive salary and health package
Team offsites
Parental leave
Monthly wellness reimbursement
Annual funds towards self-development
Required and unlimited vacation
Team outings and dinners
Work from home flexibility
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