Reposit’s mission is to ensure that the property rental market delivers for all, protecting landlords and delivering affordability for responsible tenants. Reposit provides an affordable alternative solution to the tenancy rental deposit through a lean, highly scalable and exportable business model.

Reposit’s target market of students and young professionals in London, whilst able to afford their monthly rental payments, often find the six week deposit in addition to their first month's rent due in advance difficult to say the least. Alternatively, many would often rather spend their deposit or hold it as savings earning interest. In addition, landlords cite that the managing of tenancy deposits to be the second-most burdensome area of property administration.

Reposit charges tenants a non refundable fee of one weeks rent. In return we guarantee to the Letting Agent/Landlord to pay out up to the value of 6 weeks rent in the case of damages or non payment of rent at the end of the...
Reposit’s mission is to ensure that the property rental market delivers for all, protecting landlords and delivering affordability for responsible tenants. Reposit provides an affordable alternative solution to the tenancy rental deposit through a lean, highly scalable and exportable business model.

Reposit’s target market of students and young professionals in London, whilst able to afford their monthly rental payments, often find the six week deposit in addition to their first month's rent due in advance difficult to say the least. Alternatively, many would often rather spend their deposit or hold it as savings earning interest. In addition, landlords cite that the managing of tenancy deposits to be the second-most burdensome area of property administration.

Reposit charges tenants a non refundable fee of one weeks rent. In return we guarantee to the Letting Agent/Landlord to pay out up to the value of 6 weeks rent in the case of damages or non payment of rent at the end of the tenancy. The tenant however remains liable for any damages caused. They break it, they pay for it. Letting Agents receive commission for ever Reposit sold, tenants reduce their downpayment and landlords are covered for free.

The business has a clear expansion plan and huge potential for international growth in cities which require high rental or security deposits including New York, Hong Kong and Paris.
More information

Investors

Seedcamp
Admin
Seedcamp Europe’s seed fund

Advisors

Alastair Moore
Admin
Alastair Moore @WeArePopUp @UCLDecide @IDEALondon #startuppeople @UCLAdvances @moblacad #needtoknowmobile @cftwo

Recommendations

Jamie Harrison

A strong leadership team and support network has been established by this close knit team and this business is set to make some real waves as it gathers momentum in it's first year. I am very excited to see how this develops.