Jetty Receives Investment from PayPal Ventures and Experian Ventures

Jetty, a NYC-based financial services company, received an investment from PayPal Ventures and Experian Ventures.

The amount of the deal was not disclosed.

The company intends to use the to accelerate the growth of its existing suite of products and invest in product expansion.

Led by Mike Rudoy, Co-Founder and CEO, Jetty aims to support renters and properties at every stage of the rental journey, with current product offerings, including Jetty Deposit, a security deposit alternative; Jetty Rent, a flexible rent payment program; and Jetty Protect, a modern renters insurance product. Its network of property owners and operators own and manage millions of rental units across the country.

This new funding will support the launch of Jetty Credit, a new credit building service that will facilitate the reporting of rent payments to credit bureaus to provide additional data that could help renters boost their credit scores. This new addition is being designed to interact with all other products on the platform, giving renters and property managers a simple, all-in-one solution.