Naborly focuses mainly on protecting landlords from high-risk renters. The tool generates reports regarding prospective tenants’ backgrounds and their ability to pay after checking their data, such as identity, employment, income, credits, criminal records, sexual offenses, etc. The company also offers rental and lease term guarantees to clients (NaborlyShield).
Naborly has a presence in both the US and Canada. As of October 2019, there were 35,000 landlords using the tool, managing more than 850,000 homes. The company claims that the number of tenants being screened has reached thousands per day, and it can generate each tenant report within 90 minutes.
Naborly charges individual landlords USD 25 per report, including full credit reports generated from Equifax. The service is also provided to enterprises.
In October 2019, the company raised USD 7.5 million in a seed funding round, bringing the total funding to USD 8.5 million.
No investor data is available
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