Company Information

Get to know Depofy (Rent without deposit)

Depofy provides a deposit replacement service for the UK rental market, designed to make renting more accessible and affordable for tenants while still offering financial protection to landlords. Instead of a large, traditional cash deposit, tenants pay a smaller, non-refundable fee (equivalent to one week's rent) to Depofy. In return, Depofy provides a guarantee to the landlord covering potential costs like unpaid rent or damages, up to the value of a standard five-week deposit. The company partners with letting agents and landlords to integrate this alternative into the rental process, aiming to reduce the financial burden on tenants at the start of a new lease.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Depofy (Rent without deposit)

South Africa

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.