Fronted has some tech megastar co-founders and aims to increase social mobility by helping tenants pay their deposits more easily.
Read MoreDeposits alternative firm is latest casualty of Coronavirus
Fronted had hoped to launch this week but its plans to help tenants afford and manage their rental deposit payments have now been mothballed until the crisis is over.
Read MoreNew competitor emerges in race to help tenants pay their deposits
Fronted will pay a tenant's deposit direct to their letting agent and then charge tenants 12.5% APR to repay the money owed, in instalments.
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