Rhino, the security deposit insurtech, has secured 500,000 committed units to Rhino Integrated, its new user experience offering deposit insurance, cash deposit management, renters’ insurance, rent reporting and guarantor coverage, all within one seamless platform.
Renters insurance helps protect your belongings like clothes, furniture, and electronics. A landlord’s insurance policy covers the building, but not your personal things. If you rent an apartment, condo, house, you need renters insurance.
This is achieved through investment in product and experience, aligning with our partner’s commitment to their residents, and ensuring renters have access to as many options as possible without a cumbersome customer experience
Ben Lantos, Rhino CEO and Co-Founder
Rhino’s Integrated platform now serves a network of six million homes, marking significant growth for the company.
This platform allows Rhino to expand its reach by integrating with partners’ digital leasing processes.
Renters nationwide can now use Rhino’s platform for a seamless digital move-in experience, improving cash flow and reducing moving hassles.
Landlords and property managers can streamline the moving process, addressing a key demand through Rhino’s ongoing product innovations.
Since 2017, Rhino’s innovations have saved renters over $1 bn in upfront move-in costs and helped drive down operational costs for over 2,500 landlords and property managers, a network managing six million rental homes and over 14% of the U.S. rental market.
In communicating with our partners, we realized quickly that they need to configure and consolidate the move-in process to deliver a best-in-class rental experience
Georges Clement, COO at Rhino
“We’ve given our partners the ability to offer deposit insurance, cash deposit management, renters’ insurance, rent reporting, and guarantor coverage through one platform,” said Georges Clement.
Rhino was founded to give renters everywhere access to greater financial freedom to plan and enjoy their lives.
In 2017, backed by Kairos, Rhino pioneered the first security deposit insurance, replacing cash deposits with smart, affordable insurance so that renters can maintain control of their cash.
In place of a large upfront cash security deposit, renters pay Rhino a small fee, and Rhino ensures the property owner for damages that might occur and rent lost.
