Reposit

Reposit is a UK-based financial technology company founded to make renting more affordable and accessible. Instead of paying a large, traditional cash deposit (typically 4-5 weeks' rent), tenants can pay a smaller, non-refundable one-off fee (equal to one week's rent) to Reposit. In return, Reposit provides landlords with a guarantee, underwritten by an insurance partner, for up to 8 weeks' worth of rent to cover potential damages or unpaid rent. The company's mission is to unblock the rental market by freeing up cash for both tenants and landlords, streamlining the rental process through its digital platform.