TheGuarantors , a Chubb -linked insurtech for the rental industry, is launching a commercial real estate market product. The company's product, Securiti, is a financing tool that enables tenant firms to replace traditional office security products at a lower cost. Landlords and property managers across the country have enjoyed using the platform, which is now activated in nearly 300,000 units across 40 states, including California. Claimed to be an industry first, it will be funded by $15 m secured in a series B round led by TheGuarantors . The insurtech reports that $15 of applicable Chubb security deposits are frozen in commercial leases. The company achieved profitability within 2016 of launching in a few months and its platform is now used nationwide.
TheGuarantors , a Chubb -linked insurtech for the rental industry, is launching a commercial real estate market product. The company's product, Securiti, is a financing tool that enables tenant firms to replace traditional office security products at a lower cost. Claimed to be an industry first, it will be funded by $15 m secured in a series B round led by TheGuarantors . The insurtech reports that $15 of applicable Chubb security deposits are frozen in commercial leases. The company achieved profitability within 2016 of launching in a few months and its platform is now used nationwide.