Tellus
Financial ServicesCalifornia, United States201-500 Employees
Tellus combines real estate and financial technology to help money work through residential properties. It functions as a non-bank lender, originating short-term loans to real estate investors secured by non-owner-occupied residential properties with direct title on each asset. This lending activity supports the interest paid to account holders by enabling a consistently competitive cash rate. Tellus operates a dual-sided platform that provides landlords and tenants with tools for rent collection, maintenance tracking, expense reporting, and document storage, and the data generated supports its asset-focused underwriting model. Its cash accounts are positioned for high yield not tied to market movements, with the Boost Account offering up to 6%+ APY and the Reserve Account paying 7.75% APY on the first $2,500. Founded in 2016 and based in Palo Alto, California, Tellus is not a bank and not FDIC-insured, and it has lent nearly $500 million to date.