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 .
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 fintech company'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.