Tech Company Financing Transactions
Standby Deposits Funding Round
Standby Deposits, operating out of New York, secured $5.3 million in funding from Brunnur Ventures and Stodir Hf.
Transaction Overview
Company Name
Announced On
4/19/2023
Transaction Type
Venture Equity
Amount
$5,300,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate growth, enhance its technology, and expand more partnerships with property management companies and landlords.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
575 5th Avenue 14th Floor
New York, NY 10017
USA
New York, NY 10017
USA
Phone
Undisclosed
Website
Email Address
Overview
Eliminate your security deposit with Standby, a cash free security deposit replacement. Developer of renting deposit alternative platform intended to change the way renting works by replacing security deposit with credit history. The company's platform connects landlords and tenants and eliminates security deposits by allowing renters to rent property based on their rental credit score along with banking integration to transfer rents on time, enabling customers to make the renting process seamless and cash-free.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Egill Agustsson
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