Redefining Trust: The Next Leap in Income Verification at Snappt

In a market where fraud now affects more than 6.5% of rental applications, manual workflow is more than a headache. It’s a direct threat to revenue and reputation.

Snappt’s Solution: Bank Linking

This week, Snappt is rolling out Bank Account Linking, a new feature that transforms how income and asset verification are handled across the leasing process.

Instead of asking applicants to upload PDFs, Snappt now enables them to connect their bank account directly using Mastercard’s Finicity open banking platform. With just a few taps, renters can securely share financial data, and leasing teams receive instant, verified, and standardized reports.

For Applicants:

• No more downloading and uploading PDFs
• Fast, mobile-friendly submission
• Reduced errors and higher completion rates

For Properties:

• Verified income and asset data pulled directly from banks
• Customizable report options (VOI or VOAI)
• Better support for self-employed, gig workers, and retirees
• Lower risk of fraud and faster review cycles

It’s fast. It’s secure. And it’s built to eliminate one of the top reasons rental applications get abandoned.

A Year of Expansion, Innovation, and Trust at Scale

Bank Linking is the latest step in our mission to transform verification in the rental housing industry, but it didn’t happen in a vacuum.

Over the past 12 months, Snappt has entered a new chapter. We’ve moved beyond being a fraud detection tool and have evolved into a comprehensive trust infrastructure for multifamily operators. That momentum has been shaped by major strategic moves across our platform, leadership, and partnerships to reinforce one shared goal: to ensure leasing decisions are accurate, fast, and rooted in trust

Expanding Our Platform: From Income to Identity

It started with one of the most persistent gaps in screening: rental history. With the acquisition of Trigo, we introduced Verification of Rent (VOR), unlocking a layer of financial insight that traditional credit reports overlook. Credit reports capture just 5% of rental history. VOR delivers 25x more coverage, helping leasing teams identify reliable renters with confidence.

Fueling Growth and Leadership

We also secured $50 million in growth financing, giving Snappt the resources to scale its product and go-to-market strategy faster and more intentionally.

At the same time, we welcomed James Hyde as CEO, bringing with him decades of SaaS and fintech experience. James’s operational leadership and customer-first product approach are already reshaping how Snappt builds and how we scale trust as a category.

Building a Broader Ecosystem of Trust

Trust doesn’t end with income verification. It requires consistency across every signal in the leasing journey.

• Our partnership with CLEAR brought biometric-grade identity verification to Snappt, providing one of the industry’s most secure and streamlined ID checks.
• We also integrated with TenantCloud, extending Snappt’s verification suite to more than 13,000 independent landlords nationwide, democratizing access to fraud prevention tools previously only available to large operators.

By the Numbers: Real Impact at Scale

This isn’t just a set of new features, it’s a platform built to operate at scale:

• 15+ million documents analyzed
• $1.9 billion in potential bad debt prevented
• 2.2+ million rental units protected

Every number tells the same story: trust, delivered.

Why This Matters More Than Ever

Fraud has evolved. What used to be isolated manipulation is now a networked ecosystem, and fraud rings, document farms, and AI-enhanced forgery tools are flooding the market with convincing but fraudulent applications.

In that environment, manual review and outdated screening tools can’t keep up.

Snappt’s layered approach is purpose-built for this new reality:

• AI-driven document analysis trained on 15M+ real-world files
• Real-time fraud forensics that adapt to evolving threats
• Direct integrations with payroll and banking platforms
• Flexible workflows that support salaried applicants, freelancers, gig workers, and retirees alike

What We’re Building Isn’t Just a Product, It’s a Platform

The future of leasing isn’t just about speed. It’s about confidence.

That’s what Snappt is delivering. And Bank Account Linking is the next leap forward in helping our partners move faster, reduce fraud, and build better communities.

Ready to protect your properties?

Chat with our sales team to learn about our comprehensive fraud solution

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