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✈️We build DepositFree world🚗
· Go deposit-free · Boost sales · Get your risks covered Cardoo is a European fintech company. The flagship product is DepositFree.

It enables to rent a car or other property without a security deposit. Founded at the end of 2021, Cardoo has already managed to engage several dozens of partners, who operate on 3 continents. Together we set new standards of renting to ensure excellent consumer journey! Our services are aimed to eliminate hidden costs and bureaucracy of traditional banking. Learn more at www.cardooworld.com

14/04/2025

Excess Cases, or How Cardoo Got You Covered

In car rentals, excess means extra charges that come up after the car is returned — for example, if it’s damaged, returned late, or if rental rules were broken. These charges can be a real problem for rental companies, both financially and reputationally.

Some excess charges are fair — like traffic fines or paid services such as cleaning or extending the rental. But others can be questionable, especially when they come from internal penalties.

At Cardoo, we help rental partners deal with all types of excess charges — by checking each case carefully and covering the risk ourselves.

Here’s a look at the top 5 countries by number of excess cases, based on our latest internal data — alongside publicly available tourism figures to provide some context:
🇦🇪 United Arab Emirates (UAE)
Excess Cases: 1,835
International Tourists (2024): ~16.7 million

🇸🇦 Saudi Arabia
Excess Cases: 861
International Tourists (2024): ~17.5 million

🇬🇧 United Kingdom (UK)
Excess Cases: 459
International Tourists (2024): ~43.4 million

🇷🇺 Russia
Excess Cases: 378
International Tourists (2024): ~24.4 million

🇫🇷 France
Excess Cases: 196
International Tourists (2024): ~89.4 million

We at Cardoo look at many other related details such as patterns and excess frequency to help our partners stay protected. So, what happens when there's an excess?

We simplify the process:
The rental partner uploads supporting documents via a short online form.
We verify the request.
If approved, we instantly compensate the amount or do it by the next day.
To further protect our partners, we maintain a list of flagged customers with a history of excesses — helping rental companies avoid future issues before they happen.

Want to learn how we help you stay protected and grow confidently?
Let us know in the comments — we’re happy to share more.

14/03/2025

How Does DepositFree Work with Cardoo?

At Cardoo, we eliminate security deposits in rentals, making the process smoother for both businesses and customers. Instead of blocking customer funds, our DepositFree solution provides rental companies with a bank card that covers deposit-related risks. Here’s how it works:

1️⃣ Cardoo provides a bank card that covers all deposit-related risks.
2️⃣ You decide whether to offer DepositFree as an option or apply it to your entire fleet.
3️⃣ The customer pays a service fee based on the rental duration and deposit amount.
4️⃣ In case of excess charges, you submit the necessary documents and, after Cardoo’s approval, charge the amount from our card—within the deposit limit.
5️⃣ Cardoo handles the rest – once approved, the rental company charges Cardoo’s card, and we take care of the soft collection process.

The process remains simple. If excess charges occur, the rental company first requests payment from the customer. If the customer refuses, the company submits proof to Cardoo. Upon approval, the amount is deducted from Cardoo’s card, eliminating financial and operational burdens for our partners.

With DepositFree, rental businesses enjoy higher revenue, better conversion rates, and improved customer satisfaction. Meanwhile, customers benefit from financial flexibility, fewer upfront costs, and a hassle-free rental experience.
By removing deposit-related barriers, we are shaping the future of rentals by making them more accessible and customer-friendly.

P.S. To keep our partners safe, we have a list of black-listed customers, helping rental businesses avoid potential issues. Want to know more about how we protect companies from unreliable clients? Let us know in the comments below.

11/03/2025

We have some exciting news to share! 🤩 🏎

Cardoo is expanding its presence in the UAE by partnering with Europcar (https://www.europcar.com/en-db), Goldcar Dubai (https://www.goldcar.com/en-gb/car-rental/locations/dubai/), and Better Car Rental (https://bettercardubai.com/) – some of the biggest names in the region’s car rental industry.

Europcar and Goldcar, with an overall fleet of over 3,000 vehicles and more than 30 locations across Dubai, Sharjah, Ras Al-Khaimah, and Ajman, are now offering our DepositFree solution, making rentals more accessible and hassle-free for their customers.

Additionally, Better Car rental, with a fleet of 500 vehicles and two branches in Dubai, is joining us in bringing a way more convenient rental experience to your current and future clients.

With DepositFree, we’re making car rentals easier and more transparent across the UAE and worldwide. Stay tuned for more updates as we continue to grow and redefine the industry!

03/03/2025

Let the Numbers Speak for Cardoo

Renting should be simple, and at Cardoo, we make that happen. Our DepositFree solution removes the hassle of security deposits, helping car & property rental companies reduce costs and boost their revenue.

Today, we work with 300+ partners globally, with 250 active each month, ensuring a smooth rental experience for customers.

In a short time, we've already made a significant impact in the renting niche. The numbers prove it: we’ve issued €110M+ in sureties and covered €2.6M+ in excesses, making rentals safer and more accessible to everyone.

With 11,000+ bookings every month, our partners see real growth, and the clients enjoy stress-free rentals. DepositFree has already been implemented in 25+ countries, including the UAE, Qatar, Morocco, Jordan, Italy, the UK, Georgia, and many others.

Just through the last month, we reached €410K in revenue, showing that a better way to rent is also a smarter way to grow.

The future of rentals is here, and we’re excited to share this moment and even more with you. Stay tuned!

28/02/2025

Say Goodbye to Deposits with Cardoo

Times of change demand innovative solutions – and that's exactly what you get with Cardoo's DepositFree. Our solution makes car and property rentals easier for both of you: your business and your clients.

From covering financial risks to handling customer issues on the route, we've got you covered – so you can focus on your business goals. Your customers can enjoy their trips without setting money aside for deposits, giving them more freedom to spend on things that truly matter.

With Cardoo's bank card, you free your clients from deposits entirely, offering them greater flexibility and a high-quality rental experience, while we take care of all the risks for you.

How your business and customers benefit with Cardoo:
✅ Increased Revenue by offering a high-value & competitive feature to rental services.
✅ More Financial Freedom for Clients with no blocked deposits and more spending flexibility.
✅ Stronger Reputation by eliminating any deposit-related disputes and improve customer trust.
✅ Higher Conversion Rates by attracting more customers by removing financial barriers.
✅ Reduced Operational Costs through enhancing efficiency.

We already have 300+ active partners worldwide, with over €110M in sureties issued. Our portfolio spans more than 27 countries, and we collaborate with such leading rental companies as Hertz, Yango, Enterprise, Green Motion, Europcar, SIXT, and many others.

All you need is to make the first step – leave a comment below or message us, and our Partnership Department will contact you right away.

22/06/2023

Another inspiring milestone passed!
This May, Cardoo issued over 1 million euros guarantees for car rental companies around the globe.
Financial technology by Cardoo has added a million dollar value to the car rental industry, both economy and luxury. We've saved thousands dollars of money on transactions and countless time for our partners.
We're one step closer to the new industry standard that eliminates deposits from the process of renting a car. Enjoying a ride with no back thoughts is priceless.

I'd like to thank my friends and followers for watching our progress from the very beginning! Visit https://cardooworld.com to partner with us.

13/04/2023

Cardoo is happy to announce our attendance at ATM in Dubai from May 1-4, 2023!

ATM is a premier event in the travel sector and presents fantastic chances for networking. UAE and Dubai, where we first began developing DepositFree, are close to our hearts. Our team is excited to connect with businesses and professionals in the car rental industry from the Middle East and around the world.

We're eager to discover potential partnerships, meet new faces, and engage with creative leaders in the rental space.

If you're planning to attend ATM, please reach out to cardooworld.com to arrange a meeting.
See you in Dubai!

13/01/2023

We’re heading to FITUR 2023!

Madrid is welcoming the tourism professionals from all over the world at the forum of Fitur 2023. Cardoo can’t help visiting this fabulous event, since the car rental industry is one of the key growth drivers of the travel and tourism sector. And as you know, our flagman product - DepositFree - is aimed to accelerate this growth even further.

Since our latest in-person meeting at WTM’22, Cardoo has expanded its presence in Europe, conducted the research, elaborated a motivational program, etc. We’re going to share the details at Fitur! Hope to see our current partners and find new ones. Let’s meet!

Text https://Cardoo.finance to schedule an appointment.

See you there!

23/12/2022

Another year has passed. Impressive results stay with us!

We have new partners from all over the globe (Italy, UK, Spain, UAE, Morocco, RSA, etc.), with whom we are going to build a DepositFree world. This means that now consumers on 3 continents can enjoy car renting without a security deposit.

Our participation in the WTM London event has contributed significantly to finding like-minders and building tight relationships with the existing and new ones. Keen set to repeat this experience at WTM 2023 and many other events next year!

Thankfully, it is comfortable to reach any destination from Cyprus – the place, where this year Cardoo team found a new spacious sea-view office!

This is almost the end of the year, but still is the beginning of a promising journey. So, let’s take time to celebrate these impressive results, created together with our partners, before heading to January, which is already fully packed with fabulous events and exciting meetings.

Merry Christmas and Happy New Year!

Address

Office 2-3, Promachon Eleftherias 3, 2nd Floor, Ayios Athanasion
Limassol
4103

Telephone

+35794460361

Website

https://cardooworld.com/

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