# SingleKey

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/singlekey

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.singlekey.com
- Latest round: Seed (Mar 15, 2019)
- Investors on record: 1

## About

SingleKey Inc. is a Canadian technology company focused on providing tenant screening and risk mitigation services for landlords and property managers, enhancing efficiency in the rental process.Founded in 2017, SingleKey Inc. is based in Toronto, Canada, and specializes in tenant screening solutions. The company was established by Viler Lika, who has a background in entrepreneurial ventures. In December 2021, SingleKey raised CAD 1.5 million in a funding round led by Sentiero Venture, which marked a significant milestone for the firm. So far, they have completed 4 deals since inception.SingleKey provides comprehensive tenant screening and risk mitigation solutions aimed at streamlining the rental process for landlords, property managers, and real estate agents. Their core offerings include a Tenant Screening Report that integrates credit checks from Equifax and TransUnion, along with employment and rental history verification, background checks, and reference assessments. Additionally, they offer a Rent Guarantee service designed to protect landlords against tenant defaults, covering missed rent payments and providing legal support. Their products serve a diverse client base across North America, primarily targeting homeowners, property management firms, and real estate agencies in Canada and the United States.SingleKey's revenue model is based on transactional fees for tenant screening reports and subscription fees for their Rent Guarantee service. The pricing structure starts at CAD 29.99 per tenant screening report, while the Rent Guarantee service is priced at 5% of the monthly rent per tenant. This transactional model provides a consistent revenue stream as landlords frequently utilize these services for each new tenant, reinforcing their position in the rental market's risk management sector.Following the recent funding round in December 2021, SingleKey plans to accelerate its customer acquisition strategy and begin testing new markets. Specific details regarding upcoming products have not been released, but the funding will facilitate their expansion into additional regions. The company aims to broaden its reach within the rental market, targeting both Canadian and U.S. territories more aggressively.

## Funding rounds

- Seed, Mar 15, 2019 — Ontario Centre of Innovation

## Investors

- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed