Assurant, a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, announced its corporate venture capital arm, Assurant Ventures, has made an investment in Zibo, a one-stop shop financial services platform that simplifies rental property ownership for independent landlords.
“Our goal is to level the playing field for independent landlords who are up against institutional investors with access to more resources”
“Assurant Ventures is excited to establish a new value-added partnership with Zibo to collaborate, share insights and foster innovation,” said Assurant Chief Strategy and Risk Officer Bob Lonergan. “Our investment reflects our commitment to funding disrupters in the PropTech space, in addition to other connected world companies that overlap with Assurant’s Connected Living, Global Automotive and Multifamily Housing lines of business.”
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Zibo’s platform solves common industry pain points with modern tools and technologies related to banking, rent collection, expense management, payments, access to competitive loans, property management services, and various insurance products. Landlords can receive online rent payments, deposit paper checks, and manage all of their property bank accounts on a centralized platform. Zibo targets 8 million US independent landlords with $9B in total annualized addressable market.
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“Our goal is to level the playing field for independent landlords who are up against institutional investors with access to more resources,” said Chris Hsu, CEO and Co-Founder of Zibo. “That’s why we’re excited to partner with Assurant Ventures to continue to scale the only free landlord management platform that provides best-in-class financial services and modern tools for rental property owners.”
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