Findigs closes $32M Series C to automate rental leasing decisions - 400k units on the platform
Findigs, an AI-powered rental screening platform, secured $32 million in Series C funding. The round was led by Marc Weiser and Adam Boyden at RPM Ventures, with participation from existing investors Nyca Partners, Frontier Venture Capital and Western Technology Investment. Total funding now stands at $80 million.
The company was founded in 2018 as a tenant screening business. Co-founder Steve Carroll says it's evolved: "Over the last two years, what we've built is an autonomous decisioning platform." Rather than just providing data for human review, the system now automates the approval decision itself.
Findigs calls what they do "leasing decisioning" - optimizing revenue through three levers: maintaining full occupancy, ensuring reliable rent collection, and cutting acquisition costs. The platform serves 400,000 units across hundreds of operators. Customers report up to 80% fewer evictions and 90% lower delinquency rates. McKinley, one of their bigger clients, hit 46% lower eviction rates, 33% reduced acquisition costs, and 98.6% occupancy last year.
New capital goes toward expanding affordable housing capabilities - LIHTC and Section 8 workflow support - plus launching rent guarantee products that cover operator revenue across the full lease term.
Hugh Frater, a BlackRock founding partner and former Fannie Mae CEO, is joining the board. His take: "The best way to manage risk is usually by not taking it. Using AI, Findigs combines better risk decisions with improved customer experience."
