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.
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.