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Standby Deposits Secures $5.3 Million to Redefine Rental Deposits through an Innovative Credit-based Solution

NEW YORK–(BUSINESS WIRE)–April 19, 2023–

Standby Deposits, a pioneering New York-based start-up, is set to transform the rental market with its innovative and cost-effective alternative to traditional security deposits. The company has successfully raised $5.3 million in seed funding, backed by leading investors Brunnur Ventures and Stodir hf, who endorse Standby Deposits’ mission to empower tenants with a more flexible, affordable, and accessible solution.

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