Trigo provides verified, real-time rent history data sourced directly from payment records to aid in tenant screening and loan underwriting. Their platform offers granular data points and continuous updates via an API, enabling lenders and property managers to assess applicant risk more accurately than relying solely on traditional credit reports. Accessing this leading indicator data helps clients close more deals and significantly reduce instances of first-party fraud and bad debt.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional credit scoring methods often overlook renters, leading to inaccurate credit assessments and limiting access to loans for a significant portion of the population. Existing credit data is a lagging indicator and fails to capture real-time rental payment behavior, resulting in missed opportunities for lenders and increased risk of defaults.
Solution
Trigo provides verified, real-time rental payment data sourced directly from landlords, enabling lenders to more accurately assess an applicant's creditworthiness. By incorporating this leading indicator, lenders can identify reliable borrowers who may be overlooked by traditional credit scores, leading to increased loan approval rates and reduced first-party fraud. Trigo offers access to granular rent payment history and over 30 additional data points through its console and API, providing a comprehensive view of an applicant's financial behavior. Real-time updates ensure continuous access to the most current rental payment information.
Target Audience
Trigo's primary customers are mortgage lenders and financial institutions seeking to improve their credit risk assessment and increase loan approval rates by leveraging real-time rental payment data.
Features
- Direct access to verified rental payment history from landlords
- Real-time updates as rent payments occur
- Access to 30+ additional data fields related to rental history
- Fully-integrated API for seamless embedding into existing applications
- Granular data accessible through the Trigo console
- High rent data coverage, reaching 75% within 48 hours