Simpl.rent is a digital platform that utilizes a three-step tenant verification process, assessing identity, income, and credit history to enhance trust in the residential rental market. The platform also offers insurance solutions to protect landlords against unpaid rent and property damage, addressing the risks associated with tenant reliability.
Funding
$350K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BPFounders
Product
Problem
The residential rental market faces challenges related to trust and reliability, with landlords often lacking sufficient information about potential tenants' backgrounds and financial stability. This information asymmetry can lead to increased risks of unpaid rent, property damage, and legal disputes, making it difficult for landlords to make informed decisions.
Solution
Simpl.rent is a platform designed to mitigate risks in the rental process by providing comprehensive tenant screening and insurance solutions. The platform offers a three-step tenant verification process, assessing identity, income, and credit history to provide landlords with a "Tenant Certificate" indicating the applicant's reliability. Additionally, Simpl.rent provides insurance products, including rent payment protection and property damage coverage, underwritten by PZU, a Polish insurance company. By combining tenant screening with insurance options, Simpl.rent aims to create a more secure and transparent rental environment for both landlords and tenants.
Target Audience
Simpl.rent targets landlords, property managers, and tenants seeking to reduce risks and streamline the rental process.
Features
- Tenant Certificate: A three-step verification process assessing identity, income, and credit history.
- Income verification: Ensures the tenant's income is at least twice the rental fee.
- Credit and payment history verification: Checks for records of payment defaults.
- Rent Payment Insurance: Protects landlords against unpaid rent and rental income loss.
- Property Insurance: Covers property damage, legal assistance, and emergency repair services.
- Tenant Insurance: Offers personal liability coverage and protection against sudden events.
- Digital contract signing: Enables electronic signing of rental agreements.
- Online payment processing: Facilitates online rent payments.
- Occasional Rental Service: Provides an address for occasional rental agreements.
- Energy Performance Certificates: Provides energy performance certificates prepared by certified auditors.