Reposit Group Limited, based in London, provides a deposit alternative for UK renters that replaces a cash deposit with a one-week upfront fee.
Reposit Group Limited, founded in 2015 and headquartered in London, UK, offers a deposit alternative that lets tenants secure rental properties without a traditional cash deposit. Tenants pay an upfront fee equal to one week's rent, with a minimum of GBP 150, and landlords receive cover equivalent to eight weeks' rent. The company raised GBP 569 thousand in Seed funding in March 2018, valuing it at GBP 3.19 million post-money, with support from Avonmore Developments and Weisz Investments.
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