by Kelsi Maree Borland
The insurtech start-up LeaseLock is breaking new ground. The company has officially surpassed $1 billion in leases insured, an impressive milestone that comes only five months after the company achieved $500 million in leases insured.
“Achieving the $1 billion in leases insured signals that the industry is approaching a tipping point where deposits are quickly becoming extinct,” Derek Merrill, CEO and co-founder of LeaseLock, tells GlobeSt.com. “Enterprise operators are demanding a software-driven solution that makes the move-in experience fast, simple and more affordable for renters while providing better financial protection for properties—LeaseLock’s insurtech platform delivers just this.”
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