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 acquired a 15 % stake in start - up finance . Canopy is looking to expand the rental market by providing what it calls " rental loans " for potential buyers - an alternative to onerous security deposits . The fintech bank 's goal is to provide a greater number of financial products to an increasing number of consumers who chose to rent property and other assets rather than seek to purchase .