AvalVida

Based in Madrid, Spain, AvalVida operates within the real estate services sector, offering a specialized rental guarantee platform. Founded in 2013, the company provides an alternative to traditional bank guarantees for tenants of residential and commercial properties. This service is designed to simplify and secure the rental process for both landlords and tenants.

The core of AvalVida's business is a platform that facilitates a pledge over a tenant's existing insurance policy or individual income, which acts as the guarantee for the landlord. This model circumvents the need for tenants to provide a substantial cash deposit, a common and costly requirement in the Spanish rental market. The process involves the tenant entering their data to receive a quote, making it a more accessible option compared to the solvency checks and fund freezes often associated with bank-issued guarantees. For landlords, it provides a secure assurance that rent obligations will be met, as they can claim against the guarantee if the tenant defaults.

AvalVida's business model generates revenue by providing this guarantee service, positioning itself as a cost-effective solution in the PropTech space. The company's platform manages the agreement between the tenant and landlord, outlining the terms and conditions under which the guarantee can be invoked. In July 2017, AvalVida received backing from Conector Startup Accelerator, a move that supported its growth and development while it was in a revenue-generating stage.

Keywords: rental guarantee, real estate services, PropTech, tenant solutions, landlord security, alternative deposit, rent guarantee, Spanish rental market, lease security, property rental, commercial lease, residential rental, tenant screening, rent default insurance, real estate finance, fintech, asset pledge, insurance pledge, rental deposit alternative, lease guarantee