Rhino was founded to give renters everywhere greater financial freedom to plan and enjoy their lives. In 2017, Rhino pioneered security deposit insurance, 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 insures the property owner for damages that might occur and lost rent. In 2022, Rhino launched an end-to-end deposit management and compliance platform, transforming how security deposits are administered.
In addition, Rhino today also offers Renters Insurance, giving renters a simple and affordable way to purchase contents and liability insurance, which property owners often also require at move-in. Rhino is offered in over two million homes with a six million home partner network, and we have saved renters over $1 billion in cash.