Snappt

Snappt is a proptech company providing document fraud detection software for residential apartment property managers. The company's platform analyzes pay stubs and bank statements submitted by rental applicants to identify fraudulently altered documents. Snappt's technology examines the underlying code of these documents to verify their authenticity against financial institution standards. With a reported accuracy rate of 99.8%, Snappt's system has analyzed over 8 million documents as of December 2023. The company aims to reduce the number of fraudulent tenant applications that go undetected, helping property managers save on eviction costs and minimize risk. Snappt's service integrates with various property management software systems, streamlining the application screening process. In addition to document verification, Snappt offers identity verification services, capable of scanning over 4,600 document types from 200 countries and territories. The company experienced significant growth, reporting a 700% increase in 2021. Snappt is SOC 2 compliant, ensuring high standards of information security for its clients' data.

Key customers and partnerships

Snappt has established partnerships with several key players in the property management industry. In April 2024, the company partnered with ResidentIQ by Inhabit, integrating its fraud detection technology into ResidentIQ's online leasing experience, TenantTech, and enhancing their Resident Screening service. This collaboration aims to provide property management companies with a comprehensive solution for screening, online leasing, and document fraud detection. In June 2024, Snappt announced a partnership with Entrata, integrating its services into Entrata's screening product, ResidentVerify. This integration allows Entrata clients to access Snappt's document fraud detection capabilities directly within their screening workflows. Snappt's customer base includes eight of the top ten property management firms, indicating widespread adoption in the industry. The company has also integrated its services with other property management software providers.