Obie, an InsurTech startup that offers insurance risk management for real estate investors, has partnered with real estate FinTech Backflip to increase transparency for real estate investors.
Backflip aims to support individual entrepreneurs to “reinvigorate the housing supply” by acquiring and renovating single family homes. The company offers purpose-built technology and capital products that members can use to source, analyse, and finance residential real estate investments.
Obie says it is “reinventing the insurance process” for landlords and rental property investors. The company strives to make requesting a quote and getting coverage simple, affordable, and transparent.
Obie said Backflip’s platform was a “natural fit” for the company. The company added it will enhance Backflip’s platform by providing a seamless and transparent insurance option for their borrowers at affordable rates.
The companies said they are united in their shared mission of increasing transparency for investors entering a complex real estate landscape.
Ryan Letzeiser Obie co-founder, said, “Financing options tailored to the nuances of different investment strategies are critical as an investor pivots and matures in their life cycle of owning real estate. Tech solutions like Backflip will help speed up some of the confusing and challenging processes that real estate investors face today. Together, Obie and Backflip will speed up the timeline it takes to get a deal funded.”
Earlier this year, Obie partnered with holiday rental investment marketplace Here.
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