Parqlo is a peer-to-peer parking marketplace that connects students with affordable, verified parking spots near campus and lets hosts earn extra income from unused spaces. The platform features campus-specific maps, smart pricing suggestions, and Stripe-powered secure payments. It also includes .edu email verification for renters and a listing review process to build trust.
Funding
Funding not disclosed
Founders
Product
Problem
Students at large universities often struggle to find affordable, safe parking near campus, while residents and students with unused spots miss out on a simple way to earn extra income. Traditional parking options are either expensive, inconveniently located, or lack trust and security.
Solution
Parqlo is a two-sided marketplace that connects students seeking parking with verified hosts offering unused spots near campus. The platform provides dedicated maps and pricing models for each campus, smart pricing suggestions based on local demand, and a secure, Stripe-powered payment system. Renters verify their identity with a .edu email address, and all listings are reviewed before going live to ensure safety and reliability. Hosts can list their spots in minutes, set their own base price, and receive payouts directly to their bank account, with Parqlo handling the transaction process and customer support.
Target Audience
Primary users are university students who need affordable parking near campus and students or local property owners who want to earn extra income by listing their unused parking spots.
Features
- Campus-specific maps and demand models for UCLA, USC, Berkeley, and UCSD
- Smart pricing suggestions based on nearby listings and local demand
- .edu email verification for renters and listing reviews for hosts
- Stripe-powered secure payments with protected transactions and a temporary hold to prevent double-booking
- Flexible booking options: daily (1+ days) and monthly (30+ days) with lower service fees for longer stays
- Blurred location display until booking is confirmed for privacy and safety
- Cancellation policy with full refunds 24+ hours before start and prorated refunds for verified issues