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.”

To read the entire article, click the link to the GlobeSt.com website.