Many companies have faced a similar issue: They want to modernize, they want to offer clients a fast, digital service that feels contemporary, efficient and easy. But they don’t want to sacrifice quality, data security and safety.
That’s a situation tenant verification startup simpl.rent found themselves in when they decided to turn to Kontomatik for an open banking solution.
Working with Kontomatik, simpl.rent was able to implement open banking practices into their tenant screening process, turning the process of verifying tenant identity and income into a quick, user-friendly, online process.
Tenant screening
Simpl.rent is an award winning British-Polish startup, founded in 2019 that helps streamline the process of verifying potential tenants. simpl.sent makes the process of both applying to lease an apartment (on the tenant side) and renting out an apartment (on the landlord side) much easier.
With simpl.rent, landlords can verify potential tenants based on income and credit history and decrease the risk of renting to an untrustworthy tenant.
Since its founding a few years ago, simpl.rent has gained a number of accolades; it was awarded first place at the Great Pitch Contest at the Wolves Summit for startups and investors in 2022, and innovation of the year at the Mieszkanicznik Landlord Association in 2022, among other awards.
Kontomatik makes tenant screening easier and faster
Simpl.rent first sought out Kontomatik for help developing an alternative to the manual process of tenant verification — they wanted something that would be as accurate as manual document verification but simpler (simpl.rent still offers manual verification as well, but they needed another, digital option for tenants who wanted it).
The challenge came in figuring out how to find the quickest user experience – the easier the experience is, the more likely a potential tenant is to actually stick with the service.
That’s where Kontomatik helped. simpl.rent was able to install Kontomatik’s open banking Widget right into their tenant screening process.
Now, instead of having to secure manual documents verifying their income, potential tenants can simply share their financial information almost instantaneously, in just a matter of clicks.
The result is that simpl.rent – and thus, landlords – have an almost immediate understanding of a tenant’s income and creditworthiness. Not only that, but the understanding is as accurate as the manual process, and has taken some of the work of analyzing manual documents off the hands of simpl.rent’s team.
Choosing Kontomatik for reliability
In looking for a quicker client identity verification process, simpl.rent checked out different providers, but decided on Kontomatik because it offered the most reliable, accurate and immediate service.
