VeriFast

VeriFast Inc.
TypePrivate
IndustrySoftware, Real estate technology
FoundedOctober 7, 2019 (2019-10-07)
Founders
  • Tim Ray
  • Chad Guziewicz
  • Craig Schoen
Area served
North America
ServicesIdentity verification
Websitewww.verifast.com

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. ^ a b c d e "How VeriFast Built the Ideal Leadership Team for the First VaaS Platform". California Business Journal. April 24, 2024. Retrieved June 11, 2026.
  2. ^ a b c d Smith, John (May 15, 2024). "How Tim Ray and VeriFast Are Overcoming Rental Fraud and Income Verification Challenges". Geek Insider. Retrieved June 11, 2026.
  3. ^ a b c d e f g h Soni, Anshul (April 24, 2024). "Leveraging AI To Create A More Secure Rental Industry". TechGyd. Retrieved June 11, 2026.
  4. ^ a b c d e Thompson, Jaden (October 23, 2024). "Landlords Are Using a Controversial New AI Tool to Spot "Fake" Renters". Distractify. Retrieved June 11, 2026.
  5. ^ a b c d Shinders, Todd (2026-05-18). "How VeriFast's Leadership Bootstrapped the First VaaS Platform into an International Success". Technori. Retrieved 2026-06-11.
  6. ^ "Food Scrooge - Pitches - Dragons' Den". Archived from the original on 2017-04-30. Retrieved 2026-06-11.
  7. ^ "Season 20 Pitches - Dragons' Den". www.cbc.ca. Archived from the original on 2026-05-21. Retrieved 2026-06-11.
  8. ^ "Tim Ray is one of CBC Dragons' "most memorable" | Smith Magazine". smith.queensu.ca. Retrieved 2026-06-11.
  9. ^ Simpson, Meagan (2022-09-19). "With backing from celebrity investors and mortgage lenders, Verifast wants to improve identity, financial verification | BetaKit". Retrieved 2026-06-11.
  10. ^ "FundMore, VeriFast Team To Expand Digital Verification". nationalmortgageprofessional.com. 2022-11-14. Retrieved 2026-06-11.
  11. ^ FinSMEs (2025-12-19). "VeriFast Acquires Opsansa". FinSMEs. Retrieved 2026-06-11.
  12. ^ a b "VeriFast views its technology as 'elixir' for mortgage industry". Mortgage Professional. 2022-10-13. Retrieved 2026-07-28.

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