Total amount raised
$27 Millions
Latest funding date
06/01/2024
Location
Findigs has successfully raised funding to support its mission of streamlining the rental screening process for property managers. The platform offers a comprehensive suite of features, including fraud protection, identity verification, and AI-powered document analysis.
Keep reading to explore the intricacies of Findigs' fundraising journey and the investors backing this innovative platform.
What Is Findigs?
Findigs is a company that provides a rental screening platform designed to streamline the rental process for property managers. The platform offers services like DecisionAssist, Renter Experience, and Termwise, focusing on fraud protection, identity verification, income verification, document analysis, and pet verification.
Unfortunately, the founding year, location, and founders' names are not available from the provided sources. The number of employees is also not mentioned.
Despite the lack of specific background details, Findigs stands out for its comprehensive approach to making renting efficient and fair, ensuring that only qualified renters get approved quickly and securely.
How Much Funding Has Findigs Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2020
- Lead Investors: Streamlined Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address inefficiencies in the rental screening process and provide a fair application experience for renters and property managers.
- Series A
- Amount Raised: Not publicly disclosed
- Date: August 2021
- Lead Investors: RPM Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and enhance fraud detection features.
- Series B
- Amount Raised: $27 million
- Date: June 2024
- Lead Investors: Nyca Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the screening automation service, grow the team, and increase platform and data sophistication.
Total Amount Raised: $48 million
Current Valuation: Not publicly disclosed
Key Investors
- Nyca Partners
- Details: Nyca Partners led the Series B funding round for Findigs. They are a venture capital firm specializing in financial technology investments.
- Investment Focus Areas: Financial technology, payments, digital banking
- Notable Investments: Affirm, Acorns, Digit
- RPM Ventures
- Details: RPM Ventures participated in the Series A and Series B funding rounds for Findigs. They focus on early-stage venture capital investments.
- Investment Focus Areas: Automotive, enterprise, financial technology
- Notable Investments: SoFi, Turo, LendKey
- Streamlined Ventures
- Details: Streamlined Ventures led the Seed round and participated in subsequent rounds for Findigs. They invest in early-stage technology companies.
- Investment Focus Areas: Technology, software, AI
- Notable Investments: DoorDash, Gusto, Hired
- Expa Ventures
- Details: Expa Ventures participated in the Series B funding round for Findigs. They focus on early-stage investments across various sectors.
- Investment Focus Areas: Technology, innovation, startups
- Notable Investments: Uber, Foursquare, Reserve
- Activant Capital
- Details: Activant Capital participated in the Series B funding round for Findigs. They invest in high-growth technology companies.
- Investment Focus Areas: Commerce, logistics, payments
- Notable Investments: Better.com, Bolt, Deliverr
What's Next for Findigs?
Findigs is poised to capitalize on the growing demand for streamlined rental screening processes. With their advanced fraud detection capabilities and the launch of DecisionAssist, they aim to reduce decision times and expand their market share in the U.S. rental real estate market. The potential to onboard more property managers and reach over a million applicants presents a significant growth opportunity.
Future fundraising rounds seem likely as Findigs continues to enhance its platform and data sophistication. The recent $27 million Series B funding indicates strong investor confidence, which could pave the way for additional capital to support further expansion and technological advancements.
However, challenges such as economic slowdowns, regulatory compliance, and the integration of advanced technologies like AI and fraud detection tools could pose hurdles. Ensuring fairness and maintaining service quality as they scale will be crucial for sustained success.
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