We Take Care of Your Deposit

About Us

Profile Picture - Franck Boullier

Franck Boullier

Serial Entrepreneur – 10 years+ experience in the Property Industry in APAC.

  • Founder of LMB Group (Now Hmlet Enterprise) and Unee-T Pte Ltd.
  • 20+ years experience building businesses and managing multicultural teams in EMEA and APAC first in MNCs and then as entrepreneur.
  • PropTech Expert
  • Franck holds a Bachelor of Business degree (France), and a MBA from INSEAD. Franck is also a database architect and a developer. See his Github profile.

Matthias De Ferrieres

Serial Entrepreneur – 15 years experience in the Insurance Industry in APAC.

  • Founder of the Stark Group, CEO of My-insurer, CEO of Insurance Republic.
  • Former regional CMO for AXA General Insurance
  • InsurTech Expert
  • Matthias holds a Bachelor of Business degree (France), a Master in International Law (University of Sydney), and a MBA from Chicago Booth. Matthias is also a PhD Candidate in Insurance Economics.
Matthias De Ferriere - Profile Picture

A new way to protect your property:

The world is changing.

More and more people will NOT rent properties the same way people have been renting properties in the past:

  • Large upfront deposits are becoming an increasing problem for Tenants.
  • There is no trusted, impartial, efficient 3rd party who can Vet Tenants and Facilitate Dispute Resolution.
  • Deposit replacement solutions are already well developed in other geographies (US, UK, and more).

Deposit replacement is coming: is the first solution in APAC that combines PropTech and InsurTech innovations in one simple, easy to use solution. - what we do

How it started:

For cash strapped, worried Tenants

For Landlords, who look for peace of mind.

For busy Real Estate Agents

Matthias and Franck met on Singapore’s rugby pitches several years ago (they both still play – sometimes in opposite teams too).

They were both already working on ideas and ventures to disrupt their respective industries:

  • Matthias is an insurance expert. He has been working on how to use technology to create better insurance products that could improve people’s lives for most of his career.
    Some of the solutions that Matthias brought to market are DBS Motor Insurance, My Insurer, and WellNex.
  • Franck is a property and PropTech expert. He has been working in residential property management in Singapore, Australia, and Europe since 2006.
    In late 2018, Franck sold LMB Housing Services, the corporate housing company he founded in 2006, to Hmlet, one of Asia’s top co-living operators.
    Franck is also the founder of Unee-T, a Web App to manage incidents and create inspection reports for your properties.

The idea for became obvious when Matthias and Franck realized that if they combined their respective expertise, they could create a truly innovative solution that would be ideally suited to the specificities of the APAC property rental market.