Company Overview
Snapshot
Founded in May 2017, Wecheck operates with 11–50 employees. The company has raised $12 million across one funding round from 2 investors. Wecheck provides landlords with in-depth personal and financial information about their tenants prior to any transaction, and also guarantees payment in the event that a tenant cannot pay.
Business overview
Wecheck is a Fintech & Insurtech company that provides a platform for landlords to conduct in-depth personal and financial background checks on prospective tenants. Its core offering includes a rent payment guarantee, ensuring landlords receive an entire year's rent in advance, thereby mitigating financial risks. The company operates within the real estate sector, specifically targeting residential property management, and serves markets primarily in Israel.
Strategic signal
In April 2020, news highlighted that Tel Aviv rental prices were becoming too expensive, leading tenants to seek alternatives. This market dynamic underscores the continued relevance of Wecheck's services, as it addresses the financial risks associated with tenant instability and affordability challenges, providing a critical solution for landlords navigating fluctuating rental markets.
Log in to access full profile ›Company Intelligence Q&A
- What is Wecheck's primary business?
- Wecheck provides landlords with tenant background checks and a rent payment guarantee service, ensuring financial security by covering a full year's rent if a tenant defaults.
- When was Wecheck founded?
- Wecheck was founded in May 2017.
- How much capital has Wecheck raised?
- Wecheck has raised a total of $12 million in funding.
- Who are the key investors in Wecheck?
- In May 2018, Wecheck received funding from Bank Hapoalim (IsraCard).
- What market challenges does Wecheck address?
- Wecheck addresses the challenges landlords face with tenant reliability and rent payment, particularly highlighted by market conditions such as rising rental costs in Tel Aviv in April 2020, which can lead to tenant turnover and financial instability.