Company:VeriFast
| File:VeriFast logo SVG.png | |
| Type | Private |
|---|---|
| Industry | Software, Real estate technology |
| Founded | October 7, 2019 |
| Founders |
|
Area served | North America |
| Services | Identity verification |
| Website | www |
VeriFast is a Canadian software company known for developing a “Verification-as-a-Service” platform that provides identity verification services for the rental housing industry.[1][2][3][4]
VeriFast also develops agentic AI assistants that execute tasks during real estate leasing procedures.[2][3][4] It was founded in 2019 by Tim Ray, Chad Guziewicz, and Craig Schoen and is headquartered in Toronto, Canada.[3]
History
Ray, Guziewicz, and Schoen incorporated VeriFast under the name “Rentify” on October 7, 2019.[1]The company was bootstrapped.[1][5] Prior to founding VeriFast, Ray had founded companies such as Guy Commerce, Food Scrooge, and Carnivore Club, the latter two of which he pitched on the Canadian version of the television series, Dragon’s Den.[4][6][7][8] Schoen was the founder of Tire Wizard, a software company serving the automotive industry.[1] Ray took the role of the company’s CEO, while Guziewicz became its COO and Schoen became its CTO.[3][9]
VeriFast released its beta software in 2021.[3][5]
In 2022, VeriFast announced a deal with mortgage underwriting software platform FundMore, which would use VeriFast’s verification software for identifying mortgage fraud.[10]
In 2024, VeriFast received the IMN SFR Industry Award for Data Provider of the Year and the Proptech Breakthrough Award for Application Processing Solution of the Year.[1][5] VeriFast acquired the San Francisco-based fintech company Opsansa, which specialized in automated property management support, in 2025.[3][4][11]
In 2026, VeriFast received the “Support Star” and “Best Value” awards from Revyse.[2][5]
VeriFast uses open banking APIs and AI-powered verification tools—including KYC compliance checks and biometric ID verification, to build a "Digital Financial Identity" confirming income and employment, and applies this technology to automate tasks such as tenant screening, mortgage underwriting, and leasing-process interactions through agentic AI assistants.[2][3][4][12]Its verification software is offered as a single API that can be integrated as a white-label solution into clients' existing systems for banking data, payroll insights, and tax transcripts.[3][12]
Reference
- ↑ 1.0 1.1 1.2 1.3 1.4 "How VeriFast Built the Ideal Leadership Team for the First VaaS Platform". April 24, 2024. https://calbizjournal.com/how-verifast-built-the-ideal-leadership-team-for-the-first-vaas-platform/.
- ↑ 2.0 2.1 2.2 2.3 Smith, John (May 15, 2024). "How Tim Ray and VeriFast Are Overcoming Rental Fraud and Income Verification Challenges". https://geekinsider.com/tim-ray-verifast-rental-fraud-income-verification/.
- ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 Soni, Anshul (April 24, 2024). "Leveraging AI To Create A More Secure Rental Industry". https://www.techgyd.com/leveraging-ai-to-create-more-secure-rental-industry/64787/.
- ↑ 4.0 4.1 4.2 4.3 4.4 Thompson, Jaden (October 23, 2024). "Landlords Are Using a Controversial New AI Tool to Spot "Fake" Renters". https://www.distractify.com/p/ai-tool-landlords-spot-fake-renters.
- ↑ 5.0 5.1 5.2 5.3 Shinders, Todd (2026-05-18). "How VeriFast’s Leadership Bootstrapped the First VaaS Platform into an International Success" (in en-US). https://technori.com/2026/05/25861-rental-verification-platform/todd/.
- ↑ "Food Scrooge - Pitches - Dragons' Den" (in en). http://www.cbc.ca:80/dragonsden/pitches/food-scrooge.
- ↑ "Season 20 Pitches - Dragons' Den". https://www.cbc.ca/dragonsden/pitches/seasons/season-20.
- ↑ "Tim Ray is one of CBC Dragons’ “most memorable” | Smith Magazine" (in en). https://smith.queensu.ca/magazine/issues/summer-2012/news/tim-ray-one-cbc-dragons-most-memorable-entrepreneurs.php.
- ↑ Simpson, Meagan (2022-09-19). "With backing from celebrity investors and mortgage lenders, Verifast wants to improve identity, financial verification | BetaKit" (in en-CA). https://betakit.com/with-backing-from-celebrity-investors-and-mortgage-lenders-verifast-wants-to-improve-identity-financial-verification/.
- ↑ "FundMore, VeriFast Team To Expand Digital Verification" (in en). 2022-11-14. https://nationalmortgageprofessional.com/news/fundmore-verifast-team-expand-digital-verification.
- ↑ FinSMEs (2025-12-19). "VeriFast Acquires Opsansa" (in en-US). https://www.finsmes.com/2025/12/verifast-acquires-opsansa.html.
- ↑ 12.0 12.1 "VeriFast views its technology as 'elixir' for mortgage industry" (in en). 2022-10-13. https://www.mpamag.com/us/specialty/transformation/verifast-views-its-technology-as-elixir-for-mortgage-industry/423845.
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