Snappt has secured $50M in growth financing to acquire Trigo, enhancing its applicant trust platform for multifamily housing, backed by Hercules Capital.

Aug 05, 2025•4 months ago

Amount Raised

$50 Million

Los AngelesReal EstateSoftware

Investors

Insight PartnersHercules Capital, Inc.

Description

Snappt, the leading platform for applicant trust in multifamily housing, has announced its acquisition of Trigo. The acquisition is supported by a $50 million financing facility from Hercules Capital, enhancing Snappt's platform. This move aims to help property managers make faster, more confident leasing decisions. Together, these milestones are set to establish a more complete solution in the rental application process.

Company Information

Company

Snappt

Location

6100 WILSHIRE BLVD., #1110

Los Angeles, California, United States

About

Snappt is the leading document verification platform built for the multifamily industry. Trusted by 8 of the top 10 NMHC property management companies, Snappt helps property managers and owners reduce bad debt, approve trusted applicants, and protect their communities from fraud. Our AI-powered platform verifies income, confirms identity, and detects document fraud with industry-leading accuracy, analyzing over 12 million documents and preventing more than $1.8 billion in bad debt to date. Snappt is the only provider combining best-in-class verification tools with proactive fraud research, giving operators the confidence to scale smartly and securely.

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