Although rental deposit alternatives have long been standard across many Western European markets – as in Switzerland, where the "Mietkaution" model is widely established – in Poland, such solutions are still relatively new. Bingo-Rent is the first Polish fintech working to change this by introducing a rental deposit surety service.
Residential rentals already account for more than 10.5% of Poland’s total housing stock — an increase of 39% compared to 2020. According to ThinkCo’s report Housing for Young People: The State of the PRS and PBSA Market in Poland, the number of rental units is expected to reach 1.5–1.7 million in the second half of 2025. At the same time, rental prices continue to rise — on average PLN 105/sqm within Warsaw’s PRS segment and PLN 72/sqm in Łódź — while salaries struggle to keep pace.
Pan-European challenges, local responses
In this market context, moving itself becomes a significant financial burden. Tenants must pay the first month’s rent upfront and often face a deposit exceeding a single monthly payment – frequently amounting to two months’ rent, and in many cases even three. High deposits are a real challenge not only for students, but also for couples, young families with children, and professionals relocating to larger cities. Regardless of the size of the property or the monthly rent, each of these groups must lock away several thousand złotych at the very start – often straining their household budgets.
This issue is by no means unique to Poland. Similar challenges are experienced across Western Europe, especially in major urban areas. As a result, many markets have developed solutions that eliminate the need for traditional deposits. One example is Switzerland’s “Mietkaution” system. Until several years ago, cash deposits dominated the Swiss market – similarly to today’s situation in Poland – as the sector remained conservative in adopting new financial services. This began to change with the rise of “Mietkaution”, in which tenants pay an annual fee to an insurance provider, guaranteeing the landlord coverage for damages or unpaid rent up to the deposit amount.
Rental deposit surety service
Bingo-Rent is now introducing a similar concept to the Polish market – but redesigned to reflect local legal, technological, and operational realities. While the core idea remains comparable, the Polish version differs in its legal form and leverages advanced technological tools unavailable in the Swiss model.
First, the entire journey is fully digital – there is no paperwork, unlike in the Swiss system. Second, “Mietkaution” is largely insurance-based, whereas Bingo-Rent operates on a surety model. Third, Bingo-Rent uses remote digital identity verification and financial history assessment supported by open-banking and credit information databases – tools that are not available to Swiss providers.
These mechanisms allow Bingo-Rent to assess the tenant’s financial stability and verify their identity, giving landlords confidence that they are renting to a reliable individual. This combination of technology, automation, and external data sources makes the Polish solution significantly more modern and efficient than many Western equivalents.
Designed for today’s tenants and market needs
Technological transformation is accompanied by a generational shift in the rental market. A new cohort of tenants is emerging – mobile, unwilling to commit long-term, valuing financial flexibility, and often operating with limited funds. Bingo-Rent’s solution reflects these needs. The new service is offered in a subscription-based model: tenants choose either a monthly or annual plan and pay a small recurring fee, while landlords receive a rental deposit surety service of up to PLN 10,000. The cost can be easily calculated using Bingo-Rent’s online calculator.
Younger consumers prefer paying for access rather than locking capital – a model they already know from streaming platforms, music services, and subscription-based apps. According to the Finances of Polish Women and Men 2025 study, subscription services continue to grow in popularity, with 63% of the population already using them. Convenience (52%), ease of use (40%), lower cost compared to one-time payments (39%), and simplified billing (27%) are the main drivers. Among the youngest consumers, lower prices and access to unique services are especially important. Bingo-Rent addresses all these expectations – offering convenience, predictable costs, and freedom from tying up thousands of złotych in a deposit.
