Full-Time
Reports rent payments to credit bureaus
$170k - $180k/yr
Austin, TX, USA
In Person
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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.
Company Size
51-200
Company Stage
Seed
Total Funding
$4.5M
Headquarters
New York City, New York
Founded
2020
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Health Insurance
Dental Insurance
Vision Insurance
Stock Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Training Programs
Professional Development Budget
Is your property manager reporting tenant credit? By Redwood Prime Realty - Sunday, July 26, 2026 When evaluating a property management company, most owners focus on occupancy rates, maintenance, and rent collection. However, there's another important question you should be asking: Does your property manager report tenant payment history to the credit bureaus? This is a feature that's gaining traction in the property management industry, and for good reason - it benefits both tenants and property owners. Helping Tenants Build Better Credit When tenants consistently pay their rent on time, that financial responsibility should count for something. Credit reporting allows those positive payment habits to be reflected in a tenant's credit profile. By reporting on-time rent payments to major credit bureaus, property managers can help tenants improve their credit scores and create a stronger path toward future financial goals, including homeownership. As rent payment history becomes increasingly important in credit scoring models, tenants should be excited about participating in programs that recognize and reward responsible payment behavior. Encouraging Timely Rent Payments Credit reporting isn't only beneficial when payments are made on time. It can also provide accountability when tenants fall behind. When late or missed rent payments are reported, tenants gain a clear incentive to stay current on their obligations. This creates an additional layer of motivation beyond late fees and collection efforts, helping encourage responsible financial choices. For property owners, this can mean fewer payment issues and a more consistent rental income stream. A Win-Win for Everyone At its company, GoRedwood recently partnered with Boom to provide credit reporting services for its residents. GoRedwood see it as a valuable tool that supports both sides of the rental relationship. Tenants gain an opportunity to strengthen their credit and move closer to their long-term goals, while property owners benefit from increased accountability and more reliable rent payments. A Question Worth Asking Whether you're a property owner evaluating management companies or a tenant looking to maximize the benefits of your rental history, credit reporting is a topic worth discussing. Ask your property manager: "Do you report tenant rent payments to the credit bureaus?" The answer could have a significant impact on both financial health and long-term success.
Moshe Tamir joins Boom's advisory board to advance AI in property management for short-term rentals, enhancing strategic operations and technology deployment.
In an effort to expand their coaching resources, Landis has chosen to partner with Boom for its rent reporting service of choice to equip their clients with an easy tool to build their credit.
Boom, an Austin, TX-based rent reporting platform, acquired Alpaca, a platform of renters on social media globally. The amount of the deal was not disclosed. This acquisition will allow Boom to expand its distribution to over 6 million US renters, increasing access to its rent reporting product that allows consumers to build their credit scores and in turn supports their homeownership goals. As part of the acquisition, the company will now have localized presence in communities and geographies as large as New York City (its “New York City Housing, Rooms, Apartments, Sublets” community) and as locally specific as University of California, Riverside (its “UC Riverside (UCR) Housing, Rooms, Apartments, Sublets” community).Led by second-time founders Rob Whiting (ex-BCG, Rubicon) and Kirill Moizik (Eco, Technion, Grubhub), Boom provides an app that enables renters to build credit with their rent payment. The solution is available in the App Store, Google Play Store and at www.boompay.app. The company is backed by Starting Line, Clocktower Ventures, Gilgamesh Ventures (Petal co-founders), and William Hockey and Zach Perret (Co-founders of Plaid) who anchored Boom’s pre-seed round, joined by Harry Stebbings and others from places like Cash App, Mint House, Landis, Party Round, and Redfin.Led by Adrian Cabrera, CEO, Alpaca owned a large global network of housing rental groups on Facebook
Boom, a rent reporting platform, has successfully garnered $4.5m in a seed funding round.