Jetty Announces Investment by PayPal Ventures and Experian Ventures

Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced an investment from PayPal Ventures and Experian Ventures. The new funding will enable Jetty to accelerate the growth of its existing suite of products and invest in product expansion.

Jetty supports renters and properties at all stages of the rental process. Current product offerings include Jetty Deposit, which is a security deposit option; Jetty Rent, which is a flexible rent payment plan; and Jetty Protect. This modern renters insurance product protects renters. Jetty’s network of property owners and operators own and manage millions of rental units across the country.

“We believe that working with the most respected names in financial services is the fastest and most effective way to help us achieve our vision,” Mike Rudoy is the CEO and Co-Founder of Jetty. “Beyond additional capital, this investment gives us access to a new toolset to improve our current products and bring new solutions to market. Demand for renter-focused financial services has never been greater and we remain focused on alleviating the financial pain being felt by renters across the country.”

The new funding will be used to launch Jetty Credit, which will allow renters to report their rent payments to credit bureaus. This will enable them to provide additional information that can help improve their credit scores. This new product will seamlessly integrate with all products on Jetty, giving property managers and renters a single, easy-to-use solution.

“Jetty and PayPal share a common mission: democratizing access to financial services,” said Rachel Zabronsky, Investor at PayPal Ventures. “We’re excited by Jetty’s ambitions to reimagine renting, making it a better, more accessible experience from move-in to move-out. As Jetty enters its next stage of growth, we’re looking forward to supporting their success.”

“We are committed to identifying and working alongside companies that empower consumers and support Jetty’s aim to improve the financial lives of renters,” Alpa Lally is Vice President Data Business at Experian Consumer Information Services. “We look forward to working with the team to help expand their core business and develop their new tool to help consumers build credit.”

Jetty announced another investment by Wilshire Lane Capital and Morgan Properties in February 2022.

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