Standby Deposits is a line of credit extended to the tenant and available to the landlord. The line is only drawn if the landlord needs to access the deposit as per the terms of the lease agreement. Standby Deposits are available to everyone - including renters with no or low credit scores. The pricing varies based on the credit score of the renter and starts at just $4 per month for a $1, Standby Deposit.
Location: United States, New York
Employees: 1-10
Total raised: $8.8M
Funding Rounds 2
| Date | Series | Amount | Investors |
| 20.04.2023 | Seed | $5.3M | - |
| 06.03.2023 | - | $3.5M | - |
Mentions in press and media 4
| Date | Title | Description | Source |
| 20.04.2023 | USA-based Standby Deposits raises USD 5.3 million in seed fu... | New York, USA-based provider of a novel credit-based payment system for rental deposits, Standby Dep... | vcbay.news... |
| 19.04.2023 | Standby Deposits Secures $5.3 Million to Redefine Rental Dep... | NEW YORK–(BUSINESS WIRE)–April 19, 2023– Standby Deposits, a pioneering New York-based start-up, is ... | venturebea... |
| 19.04.2023 | Standby Deposits Raises $5.3M in Seed Funding | Standby Deposits, a New York-based provider of a novel credit-based payment system for rental deposi... | finsmes.co... |
| - | Standby Deposits | “Standby Deposits is a rental security deposit replacement based on credit.” | fastfounde... |