Work Here?
Overview
BoomPay is a fintech service that helps people build credit by reporting rent payments to all three major credit bureaus. It verifies rent payment data and reports it quickly, often within 24 hours for one-off verifications, and provides ongoing monthly reporting for subscribers. The app is designed for ease of use and fast turnaround, with users reporting average credit score gains of about 28 points in two weeks and up to 127 points in one month. BoomPay aims to enable people to access better financial products by improving their credit scores through reliable, timely rent reporting.
About Boom Pay
Industries
Data & Analytics
Consumer Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Seed
Total Funding
$4.5M
Headquarters
New York City, New York
Founded
2020
People at Boom Pay
People at Boom Pay who can refer or advise you
Simplify's Take
What believers are saying
- Embedded API enables property managers to integrate credit-building rent data efficiently.
- Landis partnership expands reach to clients seeking homeownership-focused credit tools.
- Alpaca acquisition secures access to over 6 million US renters via Facebook groups.
What critics are saying
- Direct competitor RentBuddy launched free tier capturing 15% of subscriber base in Q1 2026.
- Factual data error triggers 1,200+ fraud alerts and account suspensions since Jan 2026.
- New CFPB rule mandates 72-hour verification, risking $2M penalty and license suspension by Q3 2026.
What makes Boom Pay unique
- Reports rent to all three major bureaus with verified results in 10 days.
- Average credit score increase of 28 points in just two weeks.
- User-friendly app enables fast enrollment and monthly automatic rent reporting.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$4.5M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Stock Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Training Programs
Professional Development Budget
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 2%2 year growth
↑ 2%Boom, a platform for reporting on tenancies, was successful in raising $4.5 million in a seed funding round....Read More
Boom Pay is Hiring for 11 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Boom Pay
Industries
Data & Analytics
Consumer Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Seed
Total Funding
$4.5M
Headquarters
New York City, New York
Founded
2020
Boom Pay is Hiring for 11 Jobs on Simplify!
Find jobs on Simplify and start your career today