# Rhino

> Replacing the traditional cash security deposit with affordable insurance\.

## At a glance

| Field | Value |
| --- | --- |
| Category | Property Insurance |
| Type | MGA |
| Region | NA |
| Headquarters | New York, New York |
| Founded | 2017 |
| Stage | Growth |
| Employees | 51-200 |
| Funding | Series C+ |

## Overview

Rhino is America's leading security deposit alternative platform, replacing the traditional upfront cash security deposit with low-cost insurance. Renters pay a small monthly premium instead of a lump-sum deposit, while landlords and property owners receive equivalent financial protection against damage and unpaid rent.

Founded in 2017 and headquartered in New York, Rhino operates as a licensed insurance agency in all states, acting as general agent for insurance carriers. The company has raised USD 177 million in total funding across nine rounds, including a USD 95 million round in January 2021. By 2022, Rhino reported USD 102 million in annualized gross written premium and serves thousands of apartment communities across the United States.

## Products & services

### Security Deposit Insurance

Replaces the traditional cash security deposit. Renters pay a small monthly premium; Rhino provides coverage equal to or greater than the required deposit amount.

**Key features:**

- Coverage typically equal to the required cash deposit amount
- Low monthly premiums averaging over 90% savings vs\. upfront deposit
- Covers unpaid rent, property damage, and other landlord losses
- Renters retain responsibility to reimburse Rhino for approved claims

*Target users:* Renters and residential property operators

### Renters Insurance

Personal renters insurance offered as an add-on option in partnership with Lemonade.

**Key features:**

- Personal property protection
- Liability coverage
- Integrated with Rhino platform

*Target users:* Renters seeking comprehensive coverage

## Category & focus

- Subcategories: Security Deposit Insurance, Renters Insurance, PropTech Insurance
- Insurance verticals: P&C
- Target customers: Renters, Property Managers, Landlords, Multifamily Operators

## Notable customers

- Multifamily residential real estate operators
- Property management companies
- Individual renters

## Links

- Website: <https://www.sayrhino.com>
- Directory profile: <https://insurtechlist.com/companies/rhino/>
- Support: <https://support.sayrhino.com>
- Linkedin: <https://www.linkedin.com/company/rhino>

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*Last updated: 2026\-05\-17*