LeaseSurance

Deposit-free lease insurance platform that replaces traditional cash deposits with customized insurance protection

Specialty Solutions Growth Seed

Overview

LeaseSurance is a proptech and insurtech platform serving residential rental property managers and landlords in southern Africa. The company replaces traditional cash deposits with customized lease insurance, partnering with Bryte Insurance Company Limited to underwrite and administer policies. Founded in 2020 by Paul Schaefer, LeaseSurance addresses fundamental problems with cash deposits: they create financial burden for renters, limit protection for property owners, and create administrative friction in move-in and move-out processes.

The platform is fully embedded in digital leasing workflows. Tenants pay monthly premiums instead of upfront deposits, accelerating move-ins and reducing financial barriers to renting. Property owners receive up to 5x more protection against rent loss and property damages compared to cash deposits, with reduced administrative burden and faster tenant onboarding. The core technology includes customized premium determination, automated claims processing, digital lease agreement integration, and property performance analytics.

LeaseSurance raised R3 million (approximately USD 161,000) in seed funding in August 2023, led by Fedgroup Private Capital. The company has achieved early traction and recognition as a pioneering insurtech platform addressing rental market inefficiencies in South Africa's growing proptech ecosystem.

Products & Services

Lease Insurance Platform

The core offering replaces traditional property rental cash deposits with customized lease insurance policies. The platform is cloud-based SaaS and natively embedded in digital leasing workflows.

Key Features

Customized premium and protection determination per property based on risk assessment
Automated claims processing with payment after lease account closure
Digital lease agreement integration for seamless adoption
Lease execution, monthly billing, and accounting functions
Receivables management and automated claims handling
Property performance metrics and analytics dashboard
POPIA compliance framework (South African privacy data protection legislation)

Target Users: Property managers, rental portfolio operators, residential landlords