Canopy, which was founded in 2016, offers an alternative to security deposits in the form of ‘rent passports’, which provides proof of an individual’s rental and credit history and their ability to You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
UK insurer Direct Line has taken a 15% stake in start-up Canopy. Canopy is looking to disrupt the rental market by providing what it calls "rental passports" for potential letters - an alternative to onerous security deposits. The company says its service will be available on both mobile and desktop computers as well as tablets and smartphones.