Boom
Boom (Boom Pay, Inc.) is a US fintech that provides tenant screening (BoomScreen) and rent-payment credit reporting (BoomReport) to all three credit bureaus, serving US renters and property management companies across multifamily, single-family rental, and manufactured housing segments via an API-integrated SaaS platform.
- Company typePrivate
- Founded2020
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What Boom does
Boom (Boom Pay, Inc.) is a US-based financial technology company founded in 2020 that operates a dual-sided rental financial services platform. On the renter side, BoomReport reports monthly rent payments to all three major US credit bureaus (Experian, Equifax, TransUnion) via a mobile app (iOS and Android), enabling renters to build credit history; the company reports an average 28-point credit score increase for users within the first two weeks. On the property manager side, BoomScreen offers configurable tenant screening with income verification (bank, payroll, document), county-level criminal and eviction reports, and fraud detection, complemented by BoomSidebar (a Chrome extension embedding Boom data into existing PMS workflows) and Boom AI Agents for property management automation.
The underlying platform is a cloud-based, API-first SaaS architecture with bi-directional integrations to nine property management systems (Buildium, Entrata, Yardi, AppFolio, Rent Manager, Rentvine, ResMan, Quext, ManageAmerica) plus a CSV fallback. Boom is an FCRA-compliant data furnisher to all three credit bureaus—a non-trivial regulatory credential—and the platform supports compliance with California rent-reporting laws (AB 2747, SB 1157). Distribution has been expanded through the July 2023 acquisition of Alpaca, a network of 580+ social media rental communities reaching over 6 million renters.
Boom monetizes through a mix of subscription-based rent reporting (BoomReport), pay-per-usage tenant screening with no rigid pricing structure (BoomScreen), an affiliate/referral program paying $10–$15 per successful renter referral, and a rent-reporting-as-a-service API for partners. Go-to-market combines direct enterprise field sales to property management companies (especially those with 10k+ units), self-serve mobile app downloads for renters, embedded PMS integrations, and channel partnerships (notably AAGLA in Greater Los Angeles and DepositCloud). The company has raised $4.5M in seed funding led by Starting Line and operates with 11–50 employees.
Boom firmographics
Firmographics- Name
- Boom
- Legal name
- Boom Pay, Inc.
- Website
- https://boompay.app
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Boom (Boom Pay, Inc.) is a US fintech that provides tenant screening (BoomScreen) and rent-payment credit reporting (BoomReport) to all three credit bureaus, serving US renters and property management companies across multifamily, single-family rental, and manufactured housing segments via an API-integrated SaaS platform.
- Ownership category
- akta.pro rank
Boom industry classification
Industry- Product category
- Rental Financial Services / Property Technology
- NAICS
- Credit Bureaus (56145), Activities Related to Credit Intermediation (5223)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Credit Data, Trimerge & Credit Analytics (FSALALAG)
- akta.pro secondary industries
- Fraud Detection, Identity & KYC/AML for Mortgages (FSALALAH), Income, Employment & Asset Verification (VOI/VOE/VOA) (FSALALAF)
Keywords
Where Boom is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Boom business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- BoomReport (Rent Reporting): Subscription-based rent reporting service where property managers can pay for rent reporting or pass fees onto renters who opt in. Fees may be charged to landlord, renter, or both depending on contractual setup.
- BoomScreen (Tenant Screening): Pay-per-usage pricing model for screening services. Property managers select screening services and define application fees at the property level, paying only for services used with no rigid pricing structure.
- Affiliate Referrals: Affiliate program paying $10 per first two referrals, then $15 per subsequent referral for referring renters to BoomReport.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Pay-per-usage screening with configurable application fees |
| Other | Monthly | Affiliate referral compensation |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Boom product offering
Product offeringCore offering
Boom provides a rental financial services platform with two core products: BoomScreen, a configurable tenant screening solution for property managers that bundles income verification, county-level criminal/eviction reports, and multi-faceted fraud detection; and BoomReport, an automated rent reporting service that furnishes residents' on-time rent payments to all three US credit bureaus (Experian, Equifax, TransUnion) so renters can build credit history. Offerings are delivered through a SaaS platform with bi-directional PMS integrations, a renter-facing mobile app, a Chrome extension, an API for rent reporting-as-a-service, and AI agents for property management workflows.
Product overview
Boom is a modern rental financial services platform offering a suite of products for renters and property managers. The core platform consists of BoomScreen (configurable tenant screening) and BoomReport (automated rent reporting to all three credit bureaus), complemented by BoomSidebar (Chrome extension for workflow integration), Boom AI Agents, and the Boom API for rent reporting-as-a-service. The company also operates Boom Communities, a social media rental network acquired through Alpaca. Boom serves the multifamily, single-family rental, and manufactured housing segments.
Differentiator
Problem solved
Functional benefit
Brands
- BoomScreen: Configurable tenant screening solution for property managers to mitigate fraud, increase leasing velocity, and grow revenue.
- BoomReport
- BoomSidebar
- Boom AI Agents
Products and services
- BoomScreen Configurable tenant screening platform for property managers that combines income verification (bank, payroll, documents), county-level criminal and eviction reports, multi-faceted fraud detection, identity verification (SSNs, ITINs, international visas, passports), and customizable screening templates per property. Designed for multifamily, single-family rental, and manufactured housing operators with usage-based pricing.
- BoomReport Automated rent reporting service that reports residents' rent payments to all three major US credit bureaus (Experian, Equifax, TransUnion) to incentivize on-time payments, help renters build credit (28-point average lift in 2 weeks), and support property managers with California AB 2747 and SB 1157 compliance. Available via subscription with mobile app (iOS/Android) credit score tracking.
- Boom API (Rent Reporting-as-a-Service) Bi-directional API and webhooks product enabling partners to securely move and manage renter and applicant data and offer rent reporting-as-a-service capabilities within their own platforms via Boom Platform integration.
- Boom AI Agents AI-powered agents built into the Boom Platform for property management workflows, providing automated assistance for leasing, screening, and resident management tasks as part of the broader real estate technology stack.
- Boom Mobile App (iOS/Android) Renter-facing native mobile applications on iOS App Store and Google Play enabling self-service enrollment in rent reporting, credit score tracking, and access to financial wellness tools; part of the broader Boom product suite.
Quantifiable outcome
- 28-point average credit score increase within first 2 weeks of using BoomReport
- +4 more outcomes
Companies that use Boom
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles4 records
Boom technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature8 records
Boom partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core, notable and minor.
- AlpacacoreAcquired by Boom to expand distribution to over 6 million US renters through 580+ social media communities. Alpaca was a social media platform for renters.
- Apartment ListnotablePartnership with Apartment List for rent reporting services targeting renters through the apartment listing platform.
- ProgressiveminorPartnership with Progressive insurance company for bundled offerings.
- ManageAmericacoreIndustry-first screening integration purpose-built for manufactured housing. Two-platform integrated solution with dynamic data sync, automated application generation, reservation creation, and single sign-on. Deep integration with ManageAmerica PMS for real-time data synchronization.
- DepositCloudcoreBoom is DepositCloud's preferred vendor for rent reporting and tenant screening. DepositCloud is the leading innovator in rental housing for security deposit management since 2017, servicing over 1 million multifamily, single family, and student housing units nationwide.
- AAGLA (Apartment Association of Greater Los Angeles)coreBoom has teamed up with AAGLA to bring members automated rent reporting and tenant screening. As a preferred vendor, Boom helps property owners and managers report residents' rent payments to credit bureaus while supporting compliance with California regulations. AAGLA members access discounted pricing.
- PlaidcoreIntegration partner enabling bank account linking for income verification and payment verification. Plaid co-founders are also investors in Boom.
- BuildiumcoreProperty management software integration for rent reporting and screening data sync.
- EntratacoreProperty management software integration for rent reporting and screening data sync.
- YardicoreProperty management software integration for rent reporting and screening data sync.
- AppFoliocoreLite property management software integration for rent reporting and screening data sync.
- Rent ManagernotableProperty management software integration for rent reporting and screening data sync.
- RentvinenotableProperty management software integration for rent reporting and screening data sync.
- ResMannotableProperty management software integration for rent reporting and screening data sync.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Boom competitors and assessment
Company assessmentDirect peers
- TransUnion SmartMove: TransUnion's direct-to-landlord tenant screening and rent-reporting product. Competes head-to-head with BoomScreen and BoomReport, leveraging the parent's credit bureau data assets for screening and credit reporting.
- Esusu: Esusu is a leading rent reporting and financial services platform that reports on-time rent payments to credit bureaus on behalf of property managers and renters. Closely overlaps BoomReport with similar B2B2C distribution through property managers.
- Piñata: Piñata is a renter-facing fintech that provides rent reporting and cash-back rewards by reporting payments to credit bureaus. Targets the same renter segment as BoomReport with overlapping credit-building value proposition.
- Snappt: Snappt provides fraud detection and tenant screening for property managers, with a particular focus on income and identity verification. Overlaps significantly with BoomScreen's fraud detection and configurable screening capabilities.
- RentRedi: RentRedi provides landlord software including tenant screening and rent reporting built into a property management platform for small landlords. Competes with BoomScreen/BoomReport in the SMB landlord segment.
- LeaseTrack: LeaseTrack is a rent-reporting service that reports payments to credit bureaus on behalf of renters and property managers. Directly competes with BoomReport on the same credit-building value proposition.
Broad incumbents
- Experian RentBureau: Experian's rent-reporting data network is one of the three credit bureaus Boom reports to, and Experian offers competing rent-reporting services to landlords. As an incumbent credit bureau, it competes directly in rent data furnishing.
- Checkr: Checkr is a leading background-check platform that has expanded into tenant screening. While broader in scope, it competes for the same landlord screening dollars and offers similar credit, criminal, and eviction data products.
- Zillow Rental Applications: Zillow's rental marketplace includes a tenant screening product that competes for landlord screening dollars. As a large incumbent rental platform, it has distribution advantages comparable to Boom's PMS-integration approach.
Others
- Yardi (Tenant Screening): Yardi is a dominant property management software platform and a key integration partner of Boom, but it also offers its own tenant screening module (Yardi Screening Plus). It is both a distribution channel and a potential competitor depending on strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Boom social profiles
Digital presenceBoom financial estimates
Financial estimateRevenue estimate
Valuation estimate
Boom leadership team
Management profileNumber of profiles
Profiles2 records
Boom subsidiaries and ownership
Company hierarchySubsidiaries1 record
Boom funding detail
Funding detailFunding overview
Funding rounds5 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Boom M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Boom
What does Boom do?
Boom provides a rental financial services platform with two core products: BoomScreen, a configurable tenant screening solution for property managers that bundles income verification, county-level criminal/eviction reports, and multi-faceted fraud detection; and BoomReport, an automated rent reporting service that furnishes residents' on-time rent payments to all three US credit bureaus (Experian, Equifax, TransUnion) so renters can build credit history. Offerings are delivered through a SaaS platform with bi-directional PMS integrations, a renter-facing mobile app, a Chrome extension, an API for rent reporting-as-a-service, and AI agents for property management workflows.
Is Boom a public or private company?
Boom is a private company. It is classified as venture growth investor backed and is currently operating.
When was Boom founded?
Boom was founded in 2020. It employs 51 to 100 people.
Where is Boom based?
Boom is headquartered in New York, United States, in the North America region.
How does Boom make money?
Three revenue lines are on record. BoomReport (Rent Reporting) is the primary driver. The others are boomScreen (Tenant Screening) and affiliate Referrals.
Who are Boom's main competitors?
Direct peers on record are TransUnion SmartMove, Esusu, Piñata, Snappt, RentRedi and LeaseTrack. Broad incumbents are Experian RentBureau, Checkr and Zillow Rental Applications. Yardi (Tenant Screening) is listed as an others.
Does Boom have an API?
Yes. Boom Platform offers bi-directional APIs and webhooks that allow partners to securely move and manage renter and applicant data. Enables integration with property management systems and provides rent reporting-as-a-service capabilities for partners. Developer documentation is at www.boompay.app/rent-reporting-as-a-service.
What industry is Boom in?
Boom's product category is Rental Financial Services / Property Technology. Its primary akta.pro industry code is FSALALAG, Credit Data, Trimerge & Credit Analytics, with a secondary code of FSALALAH, Fraud Detection, Identity & KYC/AML for Mortgages. Its NAICS code is 56145 and its SIC code is 7320.