It is estimated that more than three million people aged 18-plus in Canada are “credit invisible,” according to Equifax, one of the largest consumer credit reporting agencies.
A higher credit score can result in potentially life-changing benefits for these consumers when applying for credit at pivotal moments such as applying for a mortgage, financing an education, or buying a car.
Calgary’s Zenbase is set to revolutionize how proptechs and fintechs integrate rental payment data into credit building solutions, giving consumers unprecedented opportunities to enhance their credit scores thanks to their rent cheques.
The leader in rental reporting innovation has launched Canada’s first rental reporting API.
Zenbase’s new API streamlines the process of integrating rental reporting into existing platforms, making it easier for property technology and financial technology companies to offer their users credit-building tools that leverage their rental payment history.
Among Zenbase’s launch partners is APOLLO Insurance, a trailblazer in digital insurance solutions, who will be integrating their rental reporting API into their offerings.
“We are thrilled to launch Canada’s first rental reporting API and to partner with APOLLO Insurance,” said Koray Can Oztekin, Founder and CEO of Zenbase.
“For more than 10 million Canadians who are credit unserved or underserved, our mission is to democratize access to credit-building and empower renters to leverage their most essential payment to build their credit. This API allows developers to fully white-label rental reporting and represents a major step forward in making rental reporting an industry norm.”
Leave a Reply