Zumper

Zumper is a rental listing online marketplace and rental management platform that allows users to list properties for rent and connects property owners with tenants. It also provides services for applying and signing leases as well as rent collection. Zumper uses AI to identify prospects with a high probability of closing, analyze user behavior, and predict the likelihood of signing apartment leases. The platform charges a fee of USD 30 on property screening and for every rental application. As of August 2022, the platform had over 178 million visits per year and 7 million average monthly users. The platform claims rental listings on its platform reach an audience of over 13 million qualified renters. 

In February 2016, Zumper acquired PadMapper, a map-based apartment rental platform, for a cash and stock transaction valued at under USD 10 million. Following the acquisition, Zumper was to manage PadMapper as a subsidiary unit and continue its business operations. In September 2019, Zumper acquired NowRenting, a rental management platform that allows users to conduct background checks on potential tenants, sign digital leases, collect rent, and manage maintenance requests, for an undisclosed sum. Through this acquisition, Zumper intended to grow its users by acquiring NowRenting’s existing customer base in Boston, Massachusetts, and integrating tools such as ​​rent collection and background checks into Zumper’s platform. 

Key customers and partnerships

As of August 2023, the company has had over 10 million app downloads on iOS and Android.