Obie, an InsurTech startup that offers insurance risk management for real estate investors, has partnered with real estate FinTech Backflip to increase transparency for real estate investors.
Backflip aims to support individual entrepreneurs to “revitalize the housing supply” by acquiring and renovating single-family homes. The company offers purpose-built technology and capital products that members can use to research, analyze and finance residential real estate investments.
Obie says he’s “reinventing the insurance process” for landlords and rental property investors. The company strives to make requesting quotes and obtaining coverage simple, affordable and transparent.
Obie said Backflip’s platform was a “natural fit” for the company. The company added that it will enhance Backflip’s platform by providing a seamless and transparent insurance option to its borrowers at affordable rates.
The companies said they were united in their shared mission to increase transparency for investors entering a complex real estate landscape.
Ryan Letzeiser Obie, Co-Founder, said: “Funding options that suit the nuances of different investment strategies are critical as an investor pivots and matures through their real estate ownership lifecycle. Technology solutions like Backflip will help speed up some of the confusing and difficult processes real estate investors face today. Together, Obie and Backflip will speed up the time it takes to get a deal funded.
Earlier this year, Obie partnered with vacation rental investment market Here.
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