Whale

Founded in 2022 and headquartered in Chicago, US, Whale specializes in transforming the security deposit landscape by allowing renters to earn interest while ensuring landlords have access to full deposit amounts.Whale offers an innovative solution to the traditional security deposit process by providing a lockable, high-yield savings account tailored for renters. This product acts as a security deposit that is secured for the landlord's benefit at the end of the lease term. The core offering allows renters to earn interest on their deposits while ensuring landlords have access to the full deposit amount throughout the rental period. Whale's services aim to eliminate the burdens of manual paperwork, postage, and follow-up tasks associated with traditional deposit management, thereby improving the overall efficiency of property management operations.S.Whale's revenue model is centered around a zero-cost structure for both landlords and renters, positioning its services as a value-added offering within the rental market. Transactions are facilitated through direct integrations with property management systems (PMS), allowing for automated requests, management, and returns of security deposits. This seamless integration streamlines the move-out process, wherein landlords deduct any move-out charges from the renter’s Whale account, automatically transferring the remaining balance back to the renter. By ensuring compliance with state and local regulations, as well as offering FDIC insurance for each account, Whale reinforces trust among users while enhancing its service appeal. The company plans to strategically target expansion into more urban areas across the US, ensuring they reach renters and landlords who can benefit from their innovative deposit solutions.

1. Seed

   Jan 13, 2026

   Amount

   $4M

   Investors

   Locked