Leap Easy Revenue and Competitors

Leap is a high-growth fintech startup that helps underqualified individuals gain access to sought-after apartments by acting as a cosigner on their lease. Typically, landlord portfolios experience between 5%-10% vacancy loss on rentals. Yet, perfectly good applicants are regularly declined due to blemished credit, student status, or other factors that do not impact their ability to pay. That’s where Leap helps. Our proprietary underwriting tools allow for quick and thorough vetting of potential residents which expands a landlord’s pool of qualified tenants and eliminates default risk. There is no cost to the landlord as the one-time, upfront fee is paid by the resident and secures rental income for the entire term of the lease. Further, Leap accepts applications from tenants before they begin their apartment search, pre-approving them up to a certain monthly rent amount and delivering qualified residents directly to landlords. Our goal is to improve the financial performance of landlords while helping people qualify for better apartments.