VeriFast
VeriFast is an AI-powered tenant screening and income verification platform serving U.S. multifamily and residential property managers, using bank-credential validation and document fraud detection to approve qualified renters faster. It verifies approximately 1.5 million renters annually across all 50 U.S. states.
- Company typePrivate
- Founded2019
- HeadquartersBelleville, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What VeriFast does
VeriFast is an AI-powered tenant screening and financial verification platform serving multifamily and residential property managers in the United States. The company's core product uses a two-step verification architecture that combines direct bank-credential validation with document fraud detection, allowing it to verify applicant income from heterogeneous sources — W-2, self-employment, benefits, vouchers, students, retirement, and side income — by reviewing both deposits and debits rather than relying on static income rules. The platform also performs identity verification by matching applicant identity to bank credentials with real transaction behavior to confirm proof of life, and includes configurable review workflows at the building or portfolio level with audit-ready proof-of-income PDFs for compliance. VeriFast reports verifying approximately 1.5 million renters annually, claims an 18.6% increase in qualified renters approved versus legacy screening, 30% faster approvals, and 95% instant bank-connect rates.
VeriFast operates a sales-led go-to-market targeting property management companies through direct engagement, with quote-based, portfolio-level subscription pricing and an annual billing cadence. Its distribution is anchored by a self-service web platform used by both property managers and renters, supplemented by Trustpilot-driven trust-building marketing (10,000+ reviews as of late 2025). The company reports a vertical concentration entirely within U.S. multifamily and residential real estate, with stated coverage across all 50 U.S. states and a San Francisco office added in late 2025 through the acquisition of Opsansa.
The company's strategic posture in late 2025 reflects active scaling: it promoted Jessica Tierney to Chief Integration Officer and Becca Stafford to COO, completed its first acquisition (Opsansa) to build autonomous AI leasing workflow agents, and brought in Opsansa's CEO Rowan Aldean as VP of Automation. Total disclosed funding to date is approximately $2.33M across three rounds between 2020 and 2022, led most recently by M3 Financial Group with Keyspire participation. Headcount is reported at 11–50, with the Belleville, Canada headquarters alongside the new U.S. presence.
VeriFast firmographics
Firmographics- Name
- VeriFast
- Website
- https://verifast.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- VeriFast is an AI-powered tenant screening and income verification platform serving U.S. multifamily and residential property managers, using bank-credential validation and document fraud detection to approve qualified renters faster. It verifies approximately 1.5 million renters annually across all 50 U.S. states.
- Ownership category
- akta.pro rank
VeriFast industry classification
Industry- Product category
- Tenant Screening Software
- NAICS
- Mortgage and Nonmortgage Loan Brokers (522310), Credit Bureaus (561450)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Income & Employment Verification (VOI/VOE, payroll-linked data) (FSAGACAE)
- akta.pro secondary industries
- Fraud Detection & Prevention (payments fraud, account takeover, scams) (FSAGAFAE), Identity & Authentication for Open Banking (SCA support, token exchange) (FSAGACAF)
Keywords
Where VeriFast is headquartered
LocationHeadquarters
- HQ city
- Belleville
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
VeriFast business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Tenant Screening Services: VeriFast generates revenue through subscription or per-transaction fees for its AI-powered tenant screening and financial verification platform used by multifamily and residential property managers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise and portfolio-level pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
VeriFast product offering
Product offeringCore offering
VeriFast is an AI-powered tenant screening and financial verification platform built for multifamily and residential property managers. The platform connects applicants' bank credentials directly to identity, reviews both deposits and debits to verify income from multiple sources, and embeds two-step fraud prevention that combines bank validation with document fraud detection to approve more qualified renters without raising risk.
Product overview
VeriFast is a single unified AI-powered verification platform focused on tenant screening and income verification for the multifamily and residential real estate sectors. The platform connects applicants' bank credentials directly to identity matching, reviews both deposits and debits to verify income from multiple sources (W-2, self-employment, benefits, vouchers, students, retirement, and side income), and includes built-in fraud prevention through two-step verification combining bank validation with document fraud detection. The company reports verifying 1.5 million renters annually with an 18.6% increase in qualified renters approved and 30% faster approval times.
Differentiator
Problem solved
Functional benefit
Products and services
- VeriFast Tenant Screening and Income Verification Platform Unified AI-powered tenant screening and income verification platform sold to multifamily and residential property management companies that identifies qualified renters through transparent income and identity verification, with built-in two-step fraud prevention combining bank validation and document fraud detection.
Quantifiable outcome
- 18.6% more qualified renters approved compared to legacy screening methods
- +4 more outcomes
Companies that use VeriFast
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles1 record
VeriFast technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
VeriFast partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- OpsansacoreVeriFast acquired Opsansa, a property management technology firm based in San Francisco. As part of the deal, Opsansa's CEO Rowan Aldean joined VeriFast as VP of Automation to develop autonomous AI leasing workflows. The acquisition aims to accelerate VeriFast's development of autonomous AI agents that manage leasing workflows, significantly reducing approval times and operational friction across all 50 U.S. states.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
VeriFast competitors and assessment
Company assessmentDirect peers
- Checkr: Background check and screening platform widely used in gig and housing contexts. Competes with VeriFast on identity and background verification for property managers and adjacent use cases.
- TransUnion SmartMove: Tenant screening service from TransUnion offering credit, criminal, and eviction reports to landlords. Direct competitor to VeriFast in tenant screening for residential rentals.
- Truv: Income and employment verification API that connects to payroll and bank data for lenders and landlords. Directly comparable to VeriFast's income verification core capability.
- Argyle: Income and employment data platform providing direct-source verification from payroll providers and bank accounts. Competes with VeriFast on the income verification layer of tenant screening.
- Snappt: AI-powered document fraud detection and applicant screening for residential property managers. Directly comparable to VeriFast in fraud-aware tenant screening for multifamily.
Broad incumbents
- Yardi: Dominant multifamily property management software suite that includes tenant screening modules. Competes as an incumbent platform with VeriFast's screening functionality embedded in a broader ERP.
- RealPage: Large multifamily property management platform with screening, payments, and AI-driven pricing tools. Comparable as an enterprise incumbent competing for the same property manager budget.
Others
- Plaid: Bank-data aggregation infrastructure that VeriFast likely depends on for direct bank credential connections. Strategic infrastructure partner/dependency rather than direct competitor.
Emerging players
- Pinwheel: Payroll-linked income and employment data API for consumer-permissioned verification. Partial overlap with VeriFast's income verification, primarily serving lenders and fintech rather than multifamily.
- Persona: Identity verification platform with KYC, document verification, and fraud signals. Overlaps with VeriFast's identity verification and fraud prevention capabilities across verticals.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
VeriFast social profiles
Digital presenceVeriFast financial estimates
Financial estimateRevenue estimate
Valuation estimate
VeriFast leadership team
Management profileNumber of profiles
Profiles4 records
VeriFast funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VeriFast 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 VeriFast
What does VeriFast do?
VeriFast is an AI-powered tenant screening and financial verification platform built for multifamily and residential property managers. The platform connects applicants' bank credentials directly to identity, reviews both deposits and debits to verify income from multiple sources, and embeds two-step fraud prevention that combines bank validation with document fraud detection to approve more qualified renters without raising risk.
Is VeriFast a public or private company?
VeriFast is a private company. It is classified as venture growth investor backed and is currently operating.
When was VeriFast founded?
VeriFast was founded in 2019. It employs 11 to 50 people.
Where is VeriFast based?
VeriFast is headquartered in Belleville, Canada, in the North America region.
How does VeriFast make money?
One revenue line is on record: tenant Screening Services.
Who are VeriFast's main competitors?
Direct peers on record are Checkr, TransUnion SmartMove, Truv, Argyle and Snappt. Broad incumbents are Yardi and RealPage. Plaid is listed as an others. Emerging players are Pinwheel and Persona.
Does VeriFast have an API?
No public API is recorded for VeriFast.
What industry is VeriFast in?
VeriFast's product category is Tenant Screening Software. Its primary akta.pro industry code is FSAGACAE, Income & Employment Verification (VOI/VOE, payroll-linked data), with a secondary code of FSAGAFAE, Fraud Detection & Prevention (payments fraud, account takeover, scams). Its NAICS code is 522310 and its SIC code is 6199.