VeriFast

VeriFast provides a tenant screening and income verification platform that helps property owners and managers identify qualified renters using transparent income and identity verification, enabling them to approve 8% more applicants without increasing risk. The platform addresses the fundamental flaw in legacy screening tools, where 60% of qualified applicants were denied for insufficient income despite having verifiable income. VeriFast screens for today's income reality by reviewing both deposits and debits through bank connections (95% of applicants connect instantly), verifying W-2 income, self-employment, benefits, vouchers, student income, retirement, and side income. Identity is matched directly to bank credentials, with real transaction behavior confirming proof of life. The platform features two-step fraud prevention: bank validation followed by document fraud detection, stopping inception fraud before it becomes a problem without adding friction for qualified renters. VeriFast provides one-click review and decisioning with 100% visibility into income sources and calculations, configurable at building or portfolio level, proof-of-income PDFs for audit compliance, and centralized leasing workflows. The platform delivers 18.6% more qualified renters approved and 30% faster approvals within 90 days, verifying 1.5 million renters annually across 216 countries and territories. VeriFast provides same-day turnaround with human-in-the-loop review 7 days a week from 8am to 11pm EST, with average review time of just 36 minutes. Customers include Country Meadows, Aldon Management, TruAmerica, and Dayrise. Founded in 2019 and headquartered in Toronto, Canada, VeriFast has raised $3.5M in seed funding from investors including M3, Michael Sarracini, Scott McGillivray, and Millionaire Mom.