Insuretech company TheGuarantors, which provides landlords with payment insurance at no cost to them and fast-tracks leases for potential tenants who do not otherwise meet landlord requirements, has been accepted into SilverTech Ventures.
TheGuarantors has also relocated its headquarters to 4 World Trade Center, where the technology accelerator program affiliated with Silverstein Properties is based.
TheGuarantors recently launched in the New York City market. Through its tech-enabled lease guarantee platform, it offers renters who cannot secure a lease on their own an insurance-backed co-signer through the Hanover Insurance Group.
Its broker/agent and landlord portals further assist the rental process by providing a transparent, up-to-the-minute, centralized management dashboard.
Tal Kerret, president of Silverstein Properties and one of SilverTech’s founders, said, “TheGuarantors is a good service not only for tenants but also for owners. With many new rental buildings coming to the market in New York City, this expands the tenant application pool to include people who would not normally qualify for apartment rentals yet are potentially good tenants. TheGuarantors has a great team, solution and a partnership with the Hanover Insurance Group that allows them to evaluate and expand the renters’ base. Working together, we believe we can help accelerate their strong momentum.”
Julien Bonneville, founder and CEO of TheGuarantors, added, “We are thrilled SilverTech has seen the value and potential in our mission. As a respected accelerator program and affiliate of one of New York City’s most prestigious landlords, we simply couldn’t have found a better partner to help us grow.”
In addition to Silverstein Properties, some of New York City’s most prominent owners and developers have enrolled their portfolios with TheGuarantors. They include the Brodsky Organization, Moinian, Gotham Organization, Peter Cooper Village Stuyvesant Town, DTH Capital, and J.D. Carlisle, among many others.
TheGuarantors is backed by several investors including White Star Capital, Alven Capital, Partech Ventures, Kima Ventures and several real estate players including DTH Capital.
Its advisory board committee includes Jonathan Miller (president of Miller Samuel), Chris McGhee (founder and former CEO of Guy Carpenter Securities), Jason Beren (Eastbridge CFO and DTH Capital Director) and Ariel Lahmi (CEO of Beekman Reim, a New York real estate investment firm).
While TheGuarantors is currently operating in New York City and New Jersey, its goal is to expand into other metro areas of the U.S. and Europe, and to become the go-to marketplace connecting landlords with renters who now qualify for apartments.