Whale - A Modern Approach to Traditional Security Deposits
Whale is a financial technology platform tailored to the rental community. It uses security deposits as a foundation to help renters improve their financial literacy and education.
Whale Deposit will take the idle cash often tied up in security deposits and invest it in risk-free, interest-bearing financial products. This allows residents to build wealth on their deposits while not using them.
Whale also removes the burden of managing security deposits by placing a digital hold that landlords can see through their property management software. By maintaining possession of their deposit in the Whale account, renters generate a yield on those funds throughout their lease. The funds are guaranteed back to the landlord if damage occurs or a resident breaks a lease.