About Snappt
Snappt is a company based in Los Angeles (United States) founded in 2016 by Daniel Berlind. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Snappt has raised $101.78 million across 3 funding rounds from investors including Insight Partners and Dreamit. Snappt has completed 1 acquisition, including Trigo. Snappt offers products and services including Applicant Trust Platform, Document Fraud Detection, Income Verification, Identity Verification, and Verification of Rent. Snappt operates in a competitive market with competitors including Quantexa, ComplyAdvantage, Riskified, Alloy and Signifyd, among others.
- Headquarter Los Angeles, United States
- Founders Daniel Berlind
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services Real Estate & Construction
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$101.78 M (USD)
in 3 rounds
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Latest Funding Round
$100 M (USD), Series A
Feb 23, 2022
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Investors
Insight Partners
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Snappt
Snappt offers a comprehensive portfolio of products and services, including Applicant Trust Platform, Document Fraud Detection, Income Verification, Identity Verification, and Verification of Rent. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fraud detection and verification platform for property managers.
Analyzes metadata to confirm authenticity of submitted documents.
Verifies applicant income from traditional and non-traditional sources.
Confirms applicant identity using biometric and multiple checks.
Confirms rental payment history for reliable leasing decisions.
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Funding Insights of Snappt
Snappt has successfully raised a total of $101.78M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $100 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $100.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2022 | Amount | Series A - Snappt | Valuation | Insight Partners |
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| Sep, 2019 | Amount | Seed - Snappt | Valuation |
investors |
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| Sep, 2018 | Amount | Seed - Snappt | Valuation | Dreamit |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Snappt
Snappt has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Insight Partners and Dreamit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Startup accelerator
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Snappt
Snappt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Trigo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Rent history data is provided for tenant and loan screening.
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2022 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Snappt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Snappt Comparisons
Competitors of Snappt
Snappt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quantexa, ComplyAdvantage, Riskified, Alloy and Signifyd, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-powered data and decision intelligence solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based anti-money laundering solutions are provided for compliance.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| domain | founded_year | HQ Location |
Identity verification solutions are provided for multiple industries digitally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Snappt
Frequently Asked Questions about Snappt
When was Snappt founded?
Snappt was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Snappt located?
Snappt is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Snappt a funded company?
Snappt is a funded company, having raised a total of $101.78M across 3 funding rounds to date.
What does Snappt do?
Snappt is established as a leader in fraud detection and verification software, primarily serving the property management sector. Solutions are developed to safeguard properties from fraud through advanced AI technology and human expertise. The Applicant Trust Platform is designed to verify income, identity, and rental history, ensuring confident leasing decisions. Comprehensive fraud checks and real-time monitoring are integrated to protect businesses at every stage. Partnerships with major property management software providers like Entrata, RealPage, and Yardi are maintained to enhance service delivery and scalability.
Who are the top competitors of Snappt?
Snappt's top competitors include ComplyAdvantage, Riskified and Quantexa.
What products or services does Snappt offer?
Snappt offers Applicant Trust Platform, Document Fraud Detection, Income Verification, Identity Verification, and Verification of Rent.
How many acquisitions has Snappt made?
Snappt has made 1 acquisition, including Trigo.
Who are Snappt's investors?
Snappt has 2 investors. Key investors include Insight Partners, and Dreamit.
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