Smoother expense management, elevated deposit insurance, and fine-tuned accounting automation - your short-term rental management company deserves it all.
Hostfi is a financial technology company, not a bank. Services provided by the Stripe Payments Company with funds held at Evolve Bank & Trust, Member FDIC.
Hostfi isn't technically a bank — but you would never know it. We partner with Evolve Bank & Trust, Member FDIC and headquartered in Memphis, Tennessee and established in 1925 to store deposits.
Working with a regulated partner bank provides us secure access to the U.S. banking system and allows us to focus on building unique features and products for short-term rental managers.
Our primary criteria in selecting a partner bank included a U.S.-based institution that is federally regulated (to serve customers in all states), strong financial health (robust capital ratios, stable assets, and profitable track record), diverse deposit sources (not concentrated in one industry or customer type), and a shared goal of building next-generation banking products.
Overall, your Hostfi experience is crafted around a bank account, the ultimate source of truth for your cashflow and finances. To give you the best possible experience, we've kept a stable and secure foundation through our partner bank, cut out fees and complicated software, and made easy-to-use features that save you precious time as a short-term rental manager.
Hostfi's payments infrastructure, card issuing, and identity verification are underpinned by Stripe, which is on track to process $1 Trillion in payments worldwide this year. You can rest assured that when you verify your identity when opening an account with Hostfi, link external financial accounts, send ACH/wire payments through Hostfi, or use Hostfi's Visa Business Debit Card, you also benefit from Stripe's industry-leading security and payments expertise.
Building on a solid foundation and core banking from our partners, Hostfi can focus on creating a short-term rental industry-leading financial experience for you including the following features below.
Manage and store booking revenue across accounts and properties easily.
Every cardholder can tag expenses across hundreds of properties with just one card easily. Set custom limits.
Sync expenses to Quickbooks. Categorize booking payouts by property and reservation status. Automatically.