INSUBCONTINENT EXCLUSIVE:
Fronted, a new London-based startup aiming to make life easier for renters, is breaking cover today.The company, founded by Jamie Campbell,
financial services regulator) to begin lending cash that can only be used for a rental deposit.The thinking is that by using Open Banking
and other financial technology and offering a credit product designed to finance deposits directly, Fronted can lend more cheaply than
Deposits are a large upfront expense and most people either use mum and dad to sort it out or stay where they are (in the worst cases they
Fronted service will be asked to link their bank using Open Banking, therefore sharing their recent transaction data, and provide details of
the property they wish to rent
Then, once Fronted has run the required checks and agreed to provide credit, the startup sends the money directly to the estate agent to be
take a long time to be returned from the schemes (something the government recently launched an enquiry into)
