TheGuarantors
Provides lease guarantees and security deposit alternatives for rentals.
Company facts
- Founded
- 2015
- Employees
- 250
- Headquarters
- United States
- CEO
- Julien Bonneville
- Type
- Private
- Funding
- Debt Financing · $35M · 2023
- Subsidiaries
- Covie Systems, Guarantors Technology Service Inc
About
TheGuarantors is a fintech company that is focused on enhancing rental affordability and accessibility for millions in the U.S. The company was established to address significant hurdles renters face in securing homes, particularly those without established credit histories. Its founder, Julien Bonneville, faced challenges himself when looking for an apartment in New York City, which inspired him to create a solution to support renters in achieving their housing goals. TheGuarantors provides a range of insurance products designed to protect both renters and property managers. Offerings include Rent Coverage to assist potential tenants qualify for rentals they might otherwise be denied, and Deposit Coverage which alleviates the financial burden of high upfront security deposits upon moving into a new home. These solutions bridge the gap between tenant needs and property owner requirements, fostering a relationship that allows for increased occupancy rates without the usual risk factors. With a commitment to revolutionizing the rental experience, TheGuarantors has guaranteed over $2 billion in rent and covered deposits for renters, solidifying their role as a pivotal player in the residential rental market.