back Back

InsurTech Rhino unveils Deposit Management, Compliance Platform in US

By Gloria Methri

February 15, 2023

  • Compliance Regulatory
  • Deposit Management
  • Digital Cash Deposits
Share

Rhino, InsurTech, USA, security deposit insurance, Rhino, Real Estate Technology, cash deposit, digital security deposit Rhino, a New York City-based InsurTech company pioneering security deposit insurance has announced the launch of Rhino+, the rental industry’s first end-to-end deposit management, and compliance platform.

Thousands of renters at properties across the country will now have a seamless, digital experience to satisfy their security deposit requirement via their choice of cash deposit or Rhino’s security deposit insurance. Rhino+ aims to address the demand from landlords and property managers to reduce the friction presented by security deposits and associated compliance challenges in markets across the country.

“The process for security deposits has been a thorn in the side of property owners and renters alike for decades,” said Rhino Co-Founder and CEO Paraag Sarva. “Rhino+ is the first digital security deposit platform for owners and operators who want faster leasing, automated compliance, and affordable deposit options. And renters can forgo cashier’s checks and have the type of digital-first experience they expect of any transaction.”

The launch of Rhino+ follows the company’s recent announcement of Credit+, a service that helps renters build credit through on-time rent reporting, as well as Rhino’s acquisition of Deposify. Rhino also recently released its 2023 State of Multifamily Housing Report, offering industry insights on rental growth, inflation, and housing affordability.

Launched in 2017, the company tackles the housing affordability crisis in America by replacing cash security deposits with smart, affordable insurance so that American renters can maintain control of their cash. Its flagship product, security deposit insurance, acts as a direct replacement for a cash security deposit.

Since 2017, Rhino says its innovations have saved renters over $1 billion 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.

Previous Article

February 15, 2023

Savii goes live in UAE with launch of Visa card for youth

Read More
Next Article

February 15, 2023

Fineos announces veteran executive Ian Lynagh as new CFO

Read More









IBSi Daily News Analysis

December 05, 2023

Compliance Regulatory

Why joining forces is key to boosting bankability and bridging climate finance gaps

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Astra Tech brings Apple Pay to its Botim prepaid card customers

Read More

Today

4 money savings apps helping individuals achieve financial goals

Read More

Today

Zeller launches Corporate Cards to streamline expense management for SMBs

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2023

£1,500.00 / year

Know More
Next-Gen Debt Collection Systems Growing Importance of Collections Q4 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023