Jetty, a U.S.-based fintech on a mission to make renting a home more affordable and effortless for everyone, announced on Wednesday it has named Farmers Insurance the exclusive reinsurance to provide for all new Jetty policies. Launched in 2017, Jetty describes itself as a new financial services company for everyday renters.
“We give renters easier and more affordable access to rental homes, while helping property managers drive occupancy, reduce costs, and streamline operations.”
Jetty further reported that its solution helps property managers increase lease conversion, reduce bad debt, and streamline operations. Speaking about the collaboration, Mike Rudoy, Co-Founder of Jetty, stated:
“In addition to its brand equity and robust balance sheet, a key factor in our working with Farmers® was our shared vision around innovation and disruption in the financial services space, as evidenced by their startup brand, Toggle. Working together, we’ll be able to quickly deliver even more value to our real estate partners, as well as to the renters who are the ultimate consumers of our products.”
Stephanie Lloyd, Head of New Ventures for Farmers and President of the Toggle brand, added:
“We share Jetty’s passion and excitement for the real estate market and renter financial ecosystem, and we believe our existing products and collaborations can help accelerate the overall vision and deliver real mutual value.”