Jetty, a financial service company on a mission to make renting a home more affordable, has received an investment from PayPal Ventures and Experian Ventures.
Jetty said it aims to support renter and properties at every stage of the rental journey. Among its current product offerings are Jetty Deposit, a security deposit alternative, Jetty Rent, a flexible rent payment programme, and Jetty Protect, a modern renter insurance product.
The PayPal Ventures and Experian Ventures investment follows another investment from Wilshire Lane Capital and Morgan Properties announced by Jetty in February 2022.
The funding will enable Jetty to accelerate the growth of its existing suite of products and invest in product expansion. For example, Jetty plans to launch Jetty Credit, a credit building service that will facilitate the reporting of rent payments to credit bureaus to provide additional data that could help renters boost their credit scores.
Mike Rudoy, co-founder and CEO at Jetty, said, “We believe that working with the most respected names in financial services is the fastest and most effective way to help us achieve our vision.
“Beyond additional capital, this investment gives us access to a new toolset to improve our current products and bring new solutions to market. Demand for renter-focused financial services has never been greater and we remain focused on alleviating the financial pain being felt by renters across the country.”
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