That Incredible Rental You Found Online? It’s Not a Scam. Socure Helps Dwellsy Increase Fraud Capture Rate by 464%.
Blog post from Socure
Dwellsy, a U.S. digital rental marketplace founded in 2019, aims to create a fraud-free environment for renters and property owners in an online rental market affected by fake listings, spam, duplication, and identity fraud. To address fraud before listings are created rather than at the transaction stage, the company adopted Socure’s identity verification and fraud prevention platform, including tools for third-party and synthetic identity fraud, device intelligence, email risk, and phone risk. Dwellsy reports that the implementation captured 464% more fraud, reduced false positives, and increased automatic approvals for legitimate rental applicants by 90%, while reducing onboarding friction and manual review requirements. The company also uses Socure’s single API and predictive document verification capabilities to consolidate risk-management tools, supporting its growth and trust-focused strategy in the more than $500 billion U.S. rental market.
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