Oct 9, 2018   SOURCE: PR NewsWire

CNBC's Upstart 100 List Recognizes TheGuarantors as Promising New Startup

NEW YORK, Oct. 9, 2018 /PRNewswire/ -- TheGuarantors, a leading insurtech provider specializing in landlord-tenant risk mitigation, today has been named by CNBC as an Upstart 100 company. The recognition showcases up-and-coming startups breaking industry barriers on the path to becoming household names.

TheGuarantors receives this honor in recognition of its technological innovation in the real estate rental market. Their online insurance-based platform helps lower vacancy rates in rental buildings while significantly reducing risk for both landlords and tenants. In 2018, the company added two new products for the residential market: Renters Insurance Compliance and Security Deposit Replacement.

"It is a great honor to be recognized by CNBC as an Upstart 100 company," said Julien Bonneville, founder and CEO of TheGuarantors. "Our year has been defined by great strides in product development, delivery, and powerful business results for our partners. The rental process has been cumbersome and inefficient for decades, and our team is excited to help bring it to the twenty-first century, particularly as the demand for apartment rentals is growing."

TheGuarantors award-winning risk-mitigation platform includes:

    --  Lease Guarantee - Guarantees rent payments, allowing landlords to accept
        more tenants at no risk. This speeds up leasing velocity, drives down
        vacancy, and increases the ROI on advertising spend.
    --  Security Deposit Replacement - Lowers upfront moving costs by replacing
        expensive security deposits with a substantially lower one-time fee and
        reduces a landlord's administrative burden of managing cash deposits.
    --  Renters Insurance Compliance - Software makes it easy to maximize
        compliance with a landlord's renters insurance requirements. This
        optimizes renter liability coverage at move-in.

In the past year, TheGuarantors has nearly quadrupled its users and currently guarantees around $15 million in rent per month. TheGuarantors is rapidly expanding nationally, partnering with some of the major property managers, like Equity Residential, Tishman Speyer, and Rockrose.

For more information please reach out to contact@theguarantors.com or visit theguarantors.com.

For additional information and to view CNBC's full Upstart 100 list, visit: CNBC.com/Upstart.

About TheGuarantors

TheGuarantors is an insurtech startup aimed at improving tenant-landlord relationships through innovations in product development and delivery. In 2016, the company launched its residential lease guarantee business focused on helping qualified renters secure apartments. The company has since guaranteed over $100 million in rent. In 2018, TheGuarantors launched residential security deposit replacement and rental insurance offerings, adding to their suite of products designed to help landlords further reduce risk when finding tenants.

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SOURCE TheGuarantors