Rhino Files Form D With the SEC

NYC-based Rhino  filed its Form D with the SEC in connection to a debt/option round totaling ~$750k. Click here.

Recall: Established in 2017, the startup provides a smart alternative to security deposits for renters and landlords; operating in the space of Jetty and TheGuarantors; to name two.

Bottom Line: One too many new entrants in the rent deposit space. (See slide 56 from our recent presentation titled ‘life insurance under the influence’).