Rhino, a security deposit insurance provder, agreed to acquire Deposify, a deposit management and compliance platform. Financial terms were not disclosed. "We founded Deposify with a goal of bringing cash deposit collections, refunds, and compliance out of the stone age. With our platform, cash deposits can be paid instantly and refunded instantly, dramatically improving the customer experience for renters and reducing operating and compliance costs for landlords and property managers. I'm excited to partner with Paraag and the Rhino team on the next chapter of our journey together as we double-down and expand our reach and vision with the incredible momentum they have," Jon Bayle, Deposify Founder and CEO.