Startup CheckpointID, a proprietary ID verification software provider for property managers with information to manage diverse portfolios more efficiently, is looking to end rental fraud with the help of funding by investors.
CheckpointID raised $1.5 million in a round led by RET Ventures, the company said in a statement. The capital will be used to grow the team as the firm seeks to meet increased demand from the multifamily industry.
CheckpointID is an identity verification service that multifamily owners and operators can use with customers for apartment tours and move-ins. The platform allows apartment managers to scan IDs and determine whether they can be verified. The company said its product helps with both safety as well as aggregating demographic information from tours.
The platform had more than 125,000 units in December.
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