Trustbond

Every underdog story starts with an opportunity.

2 followers

Trustbond helps landlords be protected with a rental bond while tenants don't freeze their cash, enabling access to opportunities and affordable homes
Trustbond gallery image
Trustbond gallery image
Trustbond gallery image
Launch tags:FintechTech
Launch Team
Intercom
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What do you think? …

Juan Cartagena
Hi everyone, one of the cofounders here. It has taken us over a year to build this product. We always wanted to create a way to replace credit scores with reputation and trust through traity.com. Now we have started to build the verticals that make that a reality and prove the technology. Trustbond is already helping people get access to homes and the feedback from customers has been fantastic. The rental deposit is a real burden to many people and it is a paradox that a big percentage of the population are forced to apply for short term loans while they have thousands of dollars locked up. But even for people who don't need payday loans it just does not make sense to pay thousands of dollars in advance for something that might never happen. It is much better and efficient to focus on trust, and if something bad happens, then have the protection that deals with the problem when needed. Happy to answer questions and comments. Thanks for reading!
Ravi Srinivasan
Love it. Another use case is micro-credit. This was pioneered by Grameen Bank that provided credit based on offline social reputation. The default rate was very low because most people pride their reputations. This will get rid of payday loan sharks.
Juan Cartagena
@ravsydney that's exactly correct Ravi. As we continue to build the Traity technology that powers Trustbond, we are working on more services and partnerships with financial services.
Vikash Rungta
In case of damages to the property how is landlord recover the expenses/ damage?
Jose
@vrungta Claims are handled more quickly than regular cash bonds/deposits, as Trustbonds don't need to be lodged within a residential tenancies authority. This way we make the recovery for the landlord faster, and cause less hassle to the managing agent (if any) as well.
Rama Veeraragoo
Cool! Well done @juan_cartagena and Traity team! When will you be in the US?
Juan Cartagena
@esqrama working with insurance companies in different locations at the moment. It might take several more months for a US launch.
Rama Veeraragoo
@juan_cartagena looking forward to it!
Hrant
Very creative and original!
Hunter Hastings
This is a fantastic idea with huge real-world implications. Excited to see how it evolves. Best of luck to 'ya! My lease is up in 6mo - I'll cya then ;)
Juan Cartagena
@hunterhastings thanks so much! :)
Alhambra De Veras

It´s simple and very useful

Pros:

It´s a cool tool!

Cons:

I haven´t cons yet

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