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ApproveShield is a full-service investigative screening company specializing in the multifamily leasing sector. Founded in 2016, ApproveShield aims to reduce eviction rates and improve the value of multifamily assets by providing comprehensive tenant screening services. Their premier screening solution uses near real-time data combined with investigative background checks to identify high-risk applicants, catch ID fraud, verify criminal backgrounds, and ensure compliance with regulations. They provide benefits to leasing agents by freeing them from the burdens of verification, to property managers allowing for focus on retention, to regional managers through standardized processes, and to property owners by increasing property value. ApproveShield's goal is to transform tenant profiles to ensure reliable tenants that stay and pay.
Major Markets
Key Competitors
TransUnion ShareAble
LeaseRunner
TransUnion ShareAble
Strong brand recognition
Extensive data resources
Wide range of screening services
Higher price point compared to competitors
Complex user interface
Limited customer support
Expand into adjacent markets (e.g.
tenant insurance)
Develop more sophisticated risk assessment tools
Integrate with emerging property technology platforms
Increasing competition from niche players
Economic downturn affecting rental market
Changes in data privacy regulations
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