Solving the security deposit problem

Rentership is reaching levels never before seen in the US. Alongside global trends like the flight to cities, the escalation of rental prices and wage stagnation, renters and landlords are in dire need of innovative solutions. Our portfolio company Rhino is tackling the housing affordability crisis by replacing cash security deposits with smart, affordable insurance so that 110 million American renters can maintain control of their cash. Paraag Sarva, co-founder and CEO at Rhino, describes how he saw a need in New York’s real estate market for security deposit insurance which he now hopes to roll out globally.