Standby Deposits

About Standby Deposits

Standby Deposits offers a modern alternative to traditional security deposits, aiming to simplify the rental process for both residents and property owners/operators. Their mission is to digitalize and streamline security deposit management, providing affordability and flexibility while ensuring protection for properties and financial relief for residents.

Products & Services

Standby Deposits:A deposit management system that replaces traditional security deposits with a low-cost monthly fee (as low as $4/month for residents), allowing residents to keep their cash while providing owners and operators full protection and access to funds on-demand. It integrates with existing property management systems, eliminates claims processes, and prevents commingling of funds.

Specialties

Security Deposit Alternatives Deposit Management Systems Property Management Integration

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Seed T: - FT: Seed	A: 5300000 MR: - FA: 5.3 million FAN: 5300000	D: 2023-04-19 FD: 2023-04-19	2 investors

Seed Latest

2023-04-19

$5.3M

2 investors (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

E

Egill Agustsson

co-founder, CEO

E

Elvar Thormar

co-founder, CPO

C

Clint Miller

co-founder, CRO

B

Bert Friedman

Director of Compliance

E

Emily Young

Credit Risk and Fraud

A

Adriaan van Zyl

Bank Partnership Consultant

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