PropTech provider Canopy has linked with a string of insurance and other firms to improve its offer to renters.

Canopy’s founder Tahir Farooqui says: “Renters have been underserved by both the housing and financial market, most times being offered financial products that aren’t suited to their needs, long after they have moved into a property.

“We are changing that. Our ambition is to understand the unique characteristics of renters and their demands, so we can offer more of what they need, whether that is financial products, the ability to maximise their housing related spend, or giving them savings on necessary purchases when moving home.”

The new links are with Cuvva car insurance; Laka bicycle insurance; Urban Jungle  insurance; Anorak income protection; Pluto travel insurance; BoughtByMany pet insurance; and Commuter Club railcard savings.

Farooqui continues: “It seems obvious, but today’s renters need a different experience and different level of cover to what they have been historically offered.

“As a group, they actively seek out less jargon, faster digital solutions and flexibility built in. Cost has stopped being the sole deciding factor with a greater emphasis placed on the value of time and user experience.

“We are privileged to work with some of the most innovative companies in the market today. Their products complement the suite of products and services that we have put together to improve the financial wellbeing of renters.”