About Cardoo

Cardoo enables deposit-free rentals by offering customers the option to pay a small, recurring fee instead of a traditional security deposit. This allows renters to access goods and services without tying up large sums of money, while providing businesses with an alternative to traditional deposit collection.

```xml <problem> Traditional rental agreements require customers to pay a security deposit, which can be a significant financial burden, especially for short-term rentals. This can deter potential customers and limit their access to rental services. Rental companies also face operational inefficiencies and bank transaction issues related to managing and returning these deposits. </problem> <solution> Cardoo provides a DepositFree financial service that allows rental companies to offer rentals without requiring a traditional security deposit. Cardoo provides the rental company with a payment card to cover deposit holds, up to the limit of their average monthly security deposits. Customers pay a small, recurring fee instead of a large deposit, increasing their financial flexibility. In the event of damage or fines, the rental company charges the Cardoo card, simplifying the claims process and improving cash flow. </solution> <features> - DepositFree option for car and property rentals, eliminating the need for traditional security deposits - Payment card provided to rental companies to cover deposit-related risks, such as damages and fines - Online cloud solution for creating order descriptions and adding DepositFree fees to invoices - API integration to add the DepositFree option to online booking modules - Marketing materials provided to rental companies to promote the DepositFree option - Blacklist of customers with a history of excesses to help rental companies avoid potential issues - Excess case management, including verification of requests and compensation for approved claims </features> <target_audience> Cardoo's primary customers are car rental companies and real estate companies looking to increase revenue, improve customer satisfaction, and streamline their operations by offering deposit-free rentals. </target_audience> <revenue_model> Cardoo generates revenue through a surety fee paid by the client, starting from 0.8% of the deposit amount per rental day for short-term rentals, with a regressive scale applied for long-term rentals. </revenue_model> ```

What does Cardoo do?

When was Cardoo founded?

Cardoo was founded in 2021.

How much funding has Cardoo raised?

Cardoo has raised 1600000.

Founded

2021

Funding

1600000

Employees

16 employees

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Cardoo

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Executive Summary

cardooworld.com 3K+

Crunchbase

Founded 2021

Funding

Estimated Funding

$1M+

Team (15+)

No team information available.

Company Description

Problem

Traditional rental agreements require customers to pay a security deposit, which can be a significant financial burden, especially for short-term rentals. This can deter potential customers and limit their access to rental services. Rental companies also face operational inefficiencies and bank transaction issues related to managing and returning these deposits.

Solution

Cardoo provides a DepositFree financial service that allows rental companies to offer rentals without requiring a traditional security deposit. Cardoo provides the rental company with a payment card to cover deposit holds, up to the limit of their average monthly security deposits. Customers pay a small, recurring fee instead of a large deposit, increasing their financial flexibility. In the event of damage or fines, the rental company charges the Cardoo card, simplifying the claims process and improving cash flow.

Features

DepositFree option for car and property rentals, eliminating the need for traditional security deposits

Payment card provided to rental companies to cover deposit-related risks, such as damages and fines

Online cloud solution for creating order descriptions and adding DepositFree fees to invoices

API integration to add the DepositFree option to online booking modules

Marketing materials provided to rental companies to promote the DepositFree option

Blacklist of customers with a history of excesses to help rental companies avoid potential issues

Excess case management, including verification of requests and compensation for approved claims

Target Audience

Cardoo's primary customers are car rental companies and real estate companies looking to increase revenue, improve customer satisfaction, and streamline their operations by offering deposit-free rentals.

Revenue Model

Cardoo generates revenue through a surety fee paid by the client, starting from 0.8% of the deposit amount per rental day for short-term rentals, with a regressive scale applied for long-term rentals.