Steady Technologies is a technology company.
Steady Technologies has raised $6.0M across 1 funding round.
Steady Technologies has raised $6.0M in total across 1 funding round.
Steady Technologies has raised $6.0M in total across 1 funding round.
Steady Technologies's investors include Fintech Ventures Fund.
Steady Technologies is a fintech company building a technology platform that delivers financial products to property managers and owners in the single-family rental market. It offers the Owner Benefit Package (OBP), including rent default insurance backed by a Fortune 100 company, Rent Advance for upfront liquidity (up to a year of rent), and data-driven insights like quarterly reports and market updates[1][2][3][5]. These solutions serve property managers and single-family rental owners, solving problems like rental payment risk, cash flow delays, and lack of owner visibility, while boosting manager profits through upfront fees and diversified revenue[1][3]. With 42 employees in New York and $21.7 million in revenue, Steady embeds its tools into property management software for seamless automation[1][3].
Steady Technologies was founded in 2018 by John Higgins (Co-Founder & CEO) and Vik Sarkissian (CTO), both with expertise in technology and finance[1][5]. The idea emerged to address pain points in the single-family rental sector, providing innovative financial tools amid growing demand for risk mitigation and liquidity in property management[5]. Early traction included partnerships with property management software providers, enabling white-labeled, plug-and-play integration that automates workflows and scales to target 2 million single-family rentals[3][5].
Steady rides the fintech-proptech convergence trend, capitalizing on the explosive growth of single-family rentals post-pandemic, where owners seek stability amid economic volatility and tenant payment uncertainties[3][5]. Timing aligns with rising demand for embedded finance in real estate, as property tech platforms integrate financial services to streamline operations[3]. Market forces like high rental demand and liquidity needs favor Steady, influencing the ecosystem by empowering managers to offer competitive, value-added services that retain owners and attract portfolios[1][3][5].
Steady is positioned for expansion toward its 2 million rental goal through deeper PM partnerships and product enhancements like advanced analytics[3][5]. Trends in embedded insurance, AI-driven risk assessment, and rental market digitization will propel growth, potentially evolving Steady into a full-suite proptech financier. As single-family rentals dominate housing, Steady's focus on risk removal and liquidity could redefine owner-manager dynamics, amplifying its ecosystem impact.
Steady Technologies has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2022 | $6.0M Seed | Fintech Ventures Fund |