Baselane

Baselane

Type	Private
Industry	Financial Services
Founded	2020 (2020)
Founder	Jad Yaghi Mathias Korder Thorben Scheidegger
Headquarters	New York
Website	baselane.com

Baselane is a financial technology company that offers a banking, rent collection, and bookkeeping platform for landlords and real estate investors. Baselane is not a bank. Banking services provided by Thread Bank, Member FDIC. FDIC insurance is available for funds on deposit through Thread Bank, Member FDIC. The Baselane Visa Debit Card is issued by Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted.

History

The company, founded in 2020 by Jad Yaghi, Mathias Korder, and Thorben Scheidegger, recently raised a $7.9 million seed funding round in November 2021. The round included participation from Activant Capital, Collaborative Fund, Conversion Capital, Diagram Ventures, and Thomvest Ventures.

Services and operations

Baselane is a financial technology (FinTech) startup that provides banking and financial services to landlords and real estate investors. It operates in the fintech market, specifically targeting the rental property industry. Baselane is not a bank itself, but it partners with Thread Bank, a member of the Federal Deposit Insurance Corporation (FDIC), to provide banking services. This means that funds deposited through Baselane are insured up to $3,000,000 through Thread Bank, providing a safety net for landlords and investors.

The company offers a range of services, automated tools, and actionable data to help real estate investors and landlords save time, increase returns, and control to grow their portfolios These services include online rent collection, categorizing transactions by property and tax category, automating income and expense tracking, and e-signing leases. Baselane also partners with insurance and financing companies to offer options for rental businesses, aiming to reduce costs and maximize returns for its clients.

In addition, Baselane provides tools to help landlords find and select the best tenants, including credit checks, criminal background checks, and eviction reports.

Baselane's business model is currently based on offering a free-to-use platform for landlords and real estate investors. Baselane generates profits from the interest accrued on deposits.

Mission

Backed by some of the leading FinTech investors in North America, Baselane is an online banking and financial management platform for the 11M individual landlords and real estate investors in the United States. Our mission is to empower investors and landlords with tailored financial services to help them save time, increase their returns, and grow their investment portfolios.

Solution

Baselane offers landlords an integrated banking, rent collection, bookkeeping, analytics, and tax reporting platform while providing convenient access to business loans and insurance.

External links

• Official website