Rhino Acquires Deposify

Rhino provides security deposit insurance services by replacing cash deposits with smart, affordable insurance so renters can maintain control of their cash. Instead of a large upfront cash security deposit, renters pay Rhino a small fee, and Rhino ensures the property owner for damages that might occur and lost rent. In addition, it also offers Renters Insurance, giving renters a simple and affordable way to purchase contents and liability insurance which is often also required by landlords at move-in. Rhino was formed in 2017 and is based in New York, New York.