Renting platform Fronted being launched by ex Bud, Monzo and Apple staff

December 05, 2019 | Consumer Lending
Written by FinTech Alliance

Tags

apple Monzo Bud
Renting platform Fronted being launched by ex Bud, Monzo and Apple staff

A group of former employees from Monzo, Bud and Apple have launched a platform specifically for renters.

In Brief:

  • Fronted will launch next year and will make paying rental deposits easier.

  • Open Banking will be used to link the platform to bank accounts so payments to estate agents can be arranged.

  • This means the company can lend money for deposits at low rates.

What does this mean?

Several FinTechs are taking on the challenge of making renting easier, especially since around 4.5mn people in the UK rent, including 35% of 25-34 year olds. Renters often have very little savings to it can be difficult to find a deposit quickly and easily when a new property becomes available.

Read more here.

 

 

More in Consumer Lending

Canada to launch first peer-to-peer lending platform
Consumer Lending
February 03, 2020

Canada to launch first peer-to-peer lending platform

Canadian FinTech goPeer has been given permission to operate. In Brief: goPeer is a peer...

Softbank to lead funding round for LatAm FinTech
Consumer Lending
January 27, 2020

Softbank to lead funding round for LatAm FinTech

AlphaCredit is gearing up for a funding round worth up to $125mn. In Brief: AlphaCredit...

PayU acquires Indian FinTech PaySense at $185mn valuation
Consumer Lending
January 10, 2020

PayU acquires Indian FinTech PaySense at $185mn valuation

Naspers-backed PayU’s India business has acquired Paysense, an Indian FinTech. In Brief:...

There are no Knowledge Bank in this category

There are no Events in this category