Standby Deposits Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Standby Deposits Inc. - overview
Established
2021
Location
New York, NY, US
Primary Industry
Software
About
Based in New York, US, and founded in 2021, Standby Deposits Inc. is a developer of a rent deposit alternative platform for renters. Egill Almar Agustsson and Elvar Thormar are the co-founders of the company. In April 2023, Standby Deposits Inc.
raised USD 5. 3 million in seed funding from Brunnur Ventures and Stodir hf. The company offers a platform that connects landlords and tenants and removes security deposits by allowing renters to rent property based on their rental credit score, as well as a banking connection to ensure rents are transferred on time. The firm offers a cash-free security deposit replacement to both renters and landlords.
Standby Deposits also offers a rental history and credit score-building service. The company plans to use the April 2023 funding to establish additional partnerships with landlords and property management firms, improve its technology, and accelerate business growth.
Current Investors
Brunnur Ventures, Stoðir hf.
Primary Industry
Software
Sub Industries
Consumer Finance, e-Financial, Accounting/Finance Software
Website
www.standby.io
Verticals
FinTech, Real Estate Tech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.