Garantme

The company's business model centers on offering insurance products directly to tenants and through a network of real estate professionals. Revenue is generated from insurance premiums paid by tenants for the guarantee service, which is free for landlords. The core service is a rental guarantee that acts as a substitute for a traditional guarantor, a common requirement in the French market. This service leverages a proprietary tenant scoring technology to assess applicant solvency, which allows for more flexible income criteria and reduces risk. The entire process, from application and file certification—often completed within 24 hours—to claims management, is digitized. For real estate agencies, Garantme provides a management console to centralize operations, manage applications, and oversee their insurance products. The business serves a diverse clientele, including individual tenants (students, young professionals), landlords, and over 5,000 partner real estate agencies across 150 cities in France.

Garantme's offerings have grown to include a suite of insurance and management tools designed for real estate agencies. The company has secured approximately $21.1 million in funding over several rounds, with a significant Series B round of $16.3 million closing in January 2023. Key investors include Bpifrance, NewAlpha Asset Management, and Axeleo Capital. This financial backing has supported the company's growth, which includes covering over 80,000 rental properties and handling a cumulative premium volume of €35 million as of October 2023. Looking forward, the company plans to enhance its platform by enabling rent collection services and expanding its use of automated payment systems for claims and other payables. Keywords: InsurTech, real estate insurance, rental guarantor, tenant screening, property management software, digital brokerage, FinTech, rental deposit, landlord insurance, lease guarantee