Overview
Garentii is a P&C MGA providing deposit replacement insurance to the residential and commercial rental market in Germany and Europe. The company offers an insurance-backed alternative to traditional cash security deposits, enabling tenants to pay monthly premiums rather than a lump-sum upfront deposit, while giving landlords equivalent financial protection.
Garentii underwrites rental surety bonds (Mietkautionsburgschaft) with reinsurance capacity provided by SiriusPoint, which announced a strategic partnership with the company in 2022. The MGA operates under German regulatory supervision (Section 34d GewO) and is licensed to provide deposit replacement and rental guarantee insurance. Greenlight Re Innovations, the innovation arm of NASDAQ-listed reinsurer Greenlight Re, led Garentii's seed round and serves as both investor and capacity partner.
The company targets Germany's rental market, where approximately 55% of the population rents. Monthly premiums start at EUR 3 per month for residential policies. Garentii also serves commercial tenants and provides B2B tools for landlords, property managers, and real estate agents. The platform includes a mobile app, digital policy management, and deposit recovery services for tenants seeking to reclaim deposits already paid to landlords.
Products & Services
Rental Guarantee Bond (Mietkautionsburgschaft)
Insurance-backed surety bond replacing traditional cash security deposits for residential tenants. Renters pay a monthly insurance premium (from EUR 3/month) instead of a lump-sum deposit equal to several months of rent.
Key Features
- Protection against tenant damage claims
- Coverage for unpaid rent
- First-demand payment to landlords upon valid claim
- Digital claims and policy management
Target Users: Residential tenants in Germany and Europe
Distribution: Direct to consumer via web platform and mobile app
Commercial Tenant Guarantee (Gewerbemieter)
Separate rental guarantee product designed for business tenants with tailored commercial underwriting and coverage terms.
Key Features
- Commercial lease deposit replacement
- Tailored coverage for business rental agreements
- KYC-compliant onboarding for commercial tenants
Target Users: Commercial tenants and business premises lessees
Distribution: Direct and via real estate agent partners
Deposit Recovery Service
Assistance service helping tenants recover previously paid cash deposits from landlords, addressing a common pain point in the German rental market.
Target Users: Residential tenants with existing deposits
B2B Platform for Landlords and Agents
Tools for landlord KYC, commercial tenant management, and property manager integration. Provides real estate agencies and professional property managers with workflow tools for deposit processing and tenant onboarding.
Target Users: Landlords, property managers (Hausverwalter), and real estate agents (Makler)
Distribution: B2B direct outreach and real estate agency partnerships