EXPIRED: RentMy
RentMy is a rapidly growing sharing economy platform for households and businesses to share their under utilised assets, we provide micro policies of insurance for safe and secure rental transactions
How it works -
1. Customers sign up and get verified to share or rent an item
2. They list the item setting their daily price, or the find an item they would like to rent and request a rental
3. As the customer checks out we instantly create an insurance policy protecting the sharer and renter
How we make money
- Commission on rental transactions
- Commission on insurance policies
- Data analytics for insurers and marketeers
- SaaS enabled features providing monthly subscriptions
Where are we today
- Preseed but de-risked, we are beyond the ideation stage and have a working scalable product built
- Over 7,500 signups, 1,500 listings, and 400 transactions demonstrating early traction
- We have gained IAR status from the FCA to sell insurance from our insurance partners
- Signed a 5 year Affinity Agreement for our insurance product
Currently raising funds via Fund My Pitch.
| Raising: | £700,000 |
| Deadline: | 29-10-2023 |
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