Tellus
Tellus is a fintech company that offers a mobile wallet and property management services for renters and landlords, along with real estate-focused lending services and high-yield cash management accounts.
Services
Tellus offers a range of services tailored for both renters and landlords. The company's mobile wallet is specifically designed to streamline rent payments and property management. Their comprehensive property management services include tools for managing properties, finding quality tenants, and collecting rent electronically. Additionally, Tellus provides lending services focused on wholesale business-purpose residential real estate loans, catering to the financial needs of property investors.
Investment and Savings Opportunities
Tellus offers numerous avenues for users to manage, save, and invest their money, particularly in real estate. The platform features a cash wallet where users can earn daily cash rewards and interest without locking up their funds. With a special code, new users can enjoy a 5% APY on their money for the first 7 days. Through the Tellus Boost Account, users have the opportunity to earn up to 6.00% APY or more. Additionally, the Reserve Account allows users to achieve an 8.00% APY with a starting account balance limit of $2,500. These options make it accessible for users to invest in real estate without necessarily owning property.
Property Management Tools
Tellus provides a comprehensive suite of property management tools designed to ease the responsibilities of landlords. These tools include highly valuable features such as tenant screening to ensure the selection of high-quality tenants, online rent collection to simplify and secure transactions, and effective landlord-tenant communication channels. This suite of tools is aimed at boosting efficiency and effectiveness in property management operations.
Financing Initiatives
Tellus has garnered significant support in the financial sector, highlighted by their announcement of financing led by Andreessen Horowitz. This support enables them to further develop and expand their innovative financial products and services tailored to the needs of renters, landlords, and real estate investors. The investment from Andreessen Horowitz also underscores the confidence and potential seen in Tellus's strategies and initiatives.