About Rhino
Rhino provides an alternative to traditional security deposits in the rental market by allowing renters to pay a small monthly fee for an insurance policy that covers potential damages and unpaid rent. This model makes moving more affordable for renters and helps landlords protect their properties without requiring large upfront deposits. Unlike traditional methods, Rhino's approach attracts a wider range of tenants and operates as a licensed insurance agency in several states. The goal is to simplify the rental process for both renters and landlords, contributing to a more fluid economy.
New York City, New YorkHeadquarters
2017Year Founded
$158.5MTotal Funding
LATE_VCCompany Stage
Fintech, Real EstateIndustries
201-500Employees
Risks
Increased competition from companies like TheGuarantors could challenge Rhino's market share.
CEO Paraag Sarva's departure may lead to leadership instability and strategic shifts.
Reliance on partnerships for premium-writing capacity exposes Rhino to potential disruptions.
Differentiation
Rhino offers an alternative to traditional security deposits with insurance-based solutions.
Rhino+ is the first digital platform for end-to-end deposit management and compliance.
Rhino's Credit+ helps renters build credit through on-time rent reporting.
Upsides
Rhino's partnership with AmTrust expands its premium-writing capacity to over $200 million.
Rhino+ simplifies deposit management, attracting landlords seeking digital-first solutions.
Rhino's innovations have saved renters over $1 billion in upfront move-in costs.
Funding
Total raised$158.46 M
Latest valuation$185.00 M
StageLATE_VC
LATE VC
7/31/2023$37
$185.00 MGROWTH EQUITY VC
12/31/2020$95
$500.00 MSERIES A
9/30/2019$21
$105.00 M