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- Findigs Secures $27M to Transform Rental Screening
Findigs Secures $27M to Transform Rental Screening
Slice of Real Estate Team
June 18, 2024
Key Highlights:
Findigs raises $27M in Series B funding led by Nyca Partners.
Total funding now at $48M to date.
Launch of DecisionAssist, a comprehensive screening solution.
Up to 50% reduction in bad debt and faster rental decisions.
Source (Business Wire)
Notable Quotes
“Today, renters wait days for a decision about where they’re going to live because property managers have no choice but to painstakingly review each application. Findigs does the hard work under the surface to enable an immediate, transparent answer. This completely transforms the experience for both sides.”
“As big as the industry is, rental underwriting has always lacked sophistication. Findigs is uniquely positioned to create an entirely new and contextual underwriting model for residential renting. We couldn’t be more excited to partner with them on that journey.”
Our Take:
Findigs' recent Series B funding is a significant milestone in the property technology space, underscoring the industry's need for innovative solutions to streamline rental screening and leasing processes. The launch of DecisionAssist marks a pivotal development, offering a holistic, automated approach to rental underwriting. This not only speeds up decision-making but also significantly reduces the risk of fraud and bad debt. By addressing the complexities of rental underwriting with advanced technology and comprehensive data analysis, Findigs is set to revolutionize the rental market, making it more efficient and equitable for both property managers and renters.