Tenant Screening Firm Findigs Raises $32M Series C Round
What's the deal? Findigs, an AI-powered rental screening platform, has raised US$20.7M Series C round led by RPM VenturesDealroom has a profile for this one. Try Dealroom →. The funding brings the startup's total raised to $80M, with participation from existing investors. Findigs plans to use the capital for product development, market expansion, hiring, and growing its affordable housing capabilities — including support for Low-Income Housing Tax Credit and Section 8 workflows.
Founded in 2020, Findigs helps US single-family and multifamily operators reduce rental delinquency and evictions through what it calls "autonomous decisioning" — using AI to make tenant screening choices that previously fell to human leasing teams.
The platform currently supports 400,000 units across hundreds of operators. Findigs says its customers have seen up to 80% fewer evictions and 90% lower delinquency rates.
Why now? The company has evolved significantly in the past two years, shifting from a screening tool that informed human decisions to a platform that makes those decisions autonomously. "Instead of our customers having to consume data and use those data decisions, the product far exceeds what teams are capable of doing," said Steve Carroll, co-founder and chief executive officer.
Carroll says Findigs is creating a new category it calls "leasing decisioning," focused on what it terms "revenue quality" — ensuring units stay full, tenants pay rent, and acquisition costs stay low. Customer McKinley reported a 46% decline in eviction rates, a 33% drop in acquisition costs, and occupancy rising to 98.6% last year.
"Every rental application in the country runs through screening, underwriting and leasing decisions, tens of millions a year," said Marc Weiser, managing director at RPM Ventures. "Almost all of them still go through tools built for a different decade."
What could go wrong? Automated decisioning in housing carries regulatory and ethical risks. AI systems that determine who gets approved for a home face scrutiny around fair housing compliance and algorithmic bias. As Findigs scales into affordable housing — a heavily regulated sector — any misstep could draw attention from regulators and advocacy groups.
Rental fraud is a growing industry concern, but Carroll acknowledged that fraud prevention alone isn't enough to differentiate. "There's lots of platforms that help you try and make screening smarter, more protected against fraud," he said. Standing out in a crowded proptech market will require proving that autonomous decisions consistently outperform human ones.
The signal: Findigs' "breakout" growth stage, per Dealroom, underscores how quickly autonomous decisioning is gaining traction in an industry still dominated by legacy screening tools. RPM Ventures, an early-stage generalist fund, leading US$20.7M Series C suggests conviction that leasing automation has applications — and a market size — well beyond proptech niche plays. The push into LIHTC and Section 8 workflows signals where the next wave of demand lies: affordable housing operators managing complex compliance burdens at scale, with little margin for error.
Read more: commercialobserver.com
