Naborly Inc.

Naborly Inc. is a technology-focused firm that enhances the rental application process, utilizing advanced data analytics and tenant screening solutions to support landlords and potential tenants in making informed decisions. Founded in 2014 and headquartered in Toronto, Canada, Naborly Inc. specializes in tenant screening solutions.

The company has successfully executed 7 deals, with its most recent deal occurring on October 20, 2022. Naborly raised a total of CAD 9. 900 mn in its Seed funding round, which included investments from notable backers such as Assurant, Inc. , Y Combinator, and SV Angel.

Naborly provides a rental application platform that leverages advanced data analytics and tenant screening technology. This platform is designed to streamline the tenant verification process for landlords, property management companies, and real estate professionals, thereby minimizing risks associated with rental decisions. Their offerings include a variety of screening features tailored to various client needs, which serve a wide range of urban and suburban housing markets across North America. Naborly generates revenue through a subscription-based model, offering tiered pricing plans for its rental application services.

These plans provide varying levels of tenant screening features, allowing clients to choose between basic checks and more comprehensive packages that include credit history and eviction records, ensuring a stable income stream from monthly or annual fees. Following its acquisition by SingleKey Inc. on October 20, 2022, Naborly plans to leverage its resources to develop Canada’s premier tenant screening tool for homeowners. The integration aims to enhance the existing product offerings and capture a larger market share within the rental industry.

Recent funding will support these initiatives as Naborly focuses on expanding its services across additional regions in Canada, with specific plans to enter new urban markets by the end of 2023.