This week we are joined by Wong Whei Meng of Speedhome, which is tackling the home rental market with zero deposit for tenants by combining insurance protection and tech innovation.
This was a great conversation about the challenges and paint points in the home rental market. Leveraging an insurance product to eliminate the need for high upfront deposits which can be restrictive for segments of the rental market.
I’d love to know what you took away from this conversation with Wong Whei Meng. If you’d like to be considered as a guest or have someone that you’d like to hear me speak to, drop me a message.
Where to find Wong Whei Meng:
• LinkedIn: https://www.linkedin.com/in/wheimeng/
• Speedhome: https://speedhome.com/
Where to hear more from The Indelible VC:
• Newsletter: https://insights.indelible.vc
• Twitter: https://twitter.com/IndelibleVc
• LinkedIn: https://www.linkedin.com/in/kbrockland/
In this episode, we cover:
[01:49] Origins from his own rental experiences as a landlord renting out a property.
[3:20] From connect to transact, the product starts to evolve.
[8:20] How to make a zero-deposit rental while still protecting the landlord.
[14:39] The early build up of the two sides of the marketplace and winning over landlords.
[22:01] Selecting the segment of the market to target.
[24:40] Attracting a team of talent from across the globe and working remote.
[28:35] Looking at the next steps in the growth path
[32:05] What are the metrics that guide if they are on track
[33:29] Closing questions