The company's exponential growth and innovation strengthens
its standing as the market leader in fraud
detection.
LOS
ANGELES, Aug. 13, 2024 /PRNewswire/ -- Snappt,
the leader in document fraud detection for residential
apartment property managers, today announced that it has ranked No.
41 on the 2024 Inc. 5000, its annual list of the fastest-growing
private companies in America. The prestigious ranking, supported by
a data-driven look at the most successful companies within the
economy's most dynamic segment, is a testament to the company's
leadership in fraud detection and high standing in the
multi-housing real estate industry.
"It is truly an honor to be ranked on this year's Inc. 5000 list
as our company continues to grow in its position as a leader and
innovator servicing the multifamily industry," said Daniel Berlind, CEO of Snappt. "As applicant
fraud becomes more widespread in our industry, Snappt
is staying ahead of the curve both in growth and in providing
unmatched fraud detection, equipping residential
property managers with the tools needed to combat the rise in
sophisticated application fraud."
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth and innovation while navigating
inflationary pressure, the rising cost of capital, and intractable
hiring challenges. Snappt also ranked #1 in the Artificial
Intelligence category, further highlighting the company's
innovative use of AI technology to streamline and improve the
fraud detection process.
The ranking follows Snappt's discovery of a troubling new
fraud trend, leading to the coining of "Inception
Fraud." This deceitful tactic involves fraudsters
using authentic pay stubs from legitimate companies to inflate
their income, enabling them to secure leases for which they are
unqualified. This type of fraud is almost impossible
to catch and can lead to serious financial losses.
"Snappt is the only fraud detection company in the
market with a proactive fraud forensics team dedicated
to catching this new type of fraud in its tracks. Our
investment in R&D is unparalleled, arming our clients with an
unrivaled solution," continued Berlind.
Snappt also recently attained SOC 2 Type II compliance, ensuring
the company's security controls and practices protect customer data
at the highest level.
For more information about Snappt, please visit
https://www.snappt.com
For more information about the Inc. 5000, please visit
https://www.inc.com/inc5000
About Snappt
Snappt makes it radically simple to trust
supporting documentation. Launched in 2019, their document
fraud detection system has already transformed the
Property Management industry, where 8 of the top 10 property
management firms use their system, dramatically reducing risk.
Snappt has raised more than $100M in
funding from leading fintech investors, and with a Net Promoter
Score (NPS) of 76+, it is one of the highest-rated proptech
companies in the world. www.snappt.com
Snappt Media Contact:
Stephanie McGuirk, Interdependence
PR
(845) 269-8868
381722@email4pr.com
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SOURCE Snappt