Rhino and Jetty have merged, establishing the largest security deposit insurance platform in the U.S. rental housing sector. This strategic union is aimed at enhancing technological solutions and accessibility for renters nationwide. The collaboration is anticipated to alleviate the burden of upfront housing costs for millions. With combined funding of over $262 million and service to more than 6 million rental units, the company aims to transform rental experiences by integrating various services, including security deposit insurance and employment loss coverage under Georges Clement's leadership as the new CEO.
From the moment we started discussions, it was clear that combining our strengths would transform the rental housing market. By uniting our technological capabilities and comprehensive product suites, we're making housing more accessible and affordable for millions of renters nationwide.
The merger unites two established companies serving over 6 million rental units. Prior to the merger, Rhino had raised $140.8M in total funding, while Jetty had secured $121.3M in funding.
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