Payscore Funding Round

3/29/2023

Venture Equity

Unknown

Undisclosed

The company intends to use the funds to accelerate growth and expand operations.

Private & Independent

FinTech

140 Lakeside Ave A301
Seattle, WA 98122
USA

Undisclosed

Payscore, formerly known as The Closing Docs, was founded by Stephen Arifin and Mark Fiebig in October 2017. What motivated them? Well, Stephen's early research confirmed that frustrations Mark experienced over decades as a property manager were shared across the industry. This assessment motivated the pair to attack the problem with a cloud-based software design. After interviewing operators of all sizes, it became apparent that existing processes were failing businesses every day, regardless of scale. Onsite teams and property and lending professionals agreed that wasted time, inaccuracy, risks of fraud and liability exposure, and the need to make consistent, objective decisions are their most significant challenges. Furthermore, all these problem areas coalesced around income verification as the biggest offender, leading Stephen and Mark to define an emergent, fintech / proptech solution they named: automated income verification.