Case Study
VeriffHome - A Fintech Platform for Identity Verification, Escrow Payments & Credit Scoring
Banking & InsuranceBackground
An US-based fintech startup, aimed to create a trusted rental and payments platform tailored for property managers and tenants. Their goal was to ensure safe transactions through verified user identities, escrow-secured payments, and dynamic credit risk scoring. To support their go-to-market strategy, they needed a robust full-stack system with automated verification workflows, scoring dashboards, and integrated payment rails.
Challenges
Manual KYC processes causing delays and user drop-offs.
No reliable system to manage escrowed payments securely.
Inability to assess tenant creditworthiness in real time.
Lack of centralized tools for admins to monitor verifications and payments.
Solutions
Built a custom KYC/ID verification engine using Plaid for bank linking and Passport.js for secure authentication, optimized for web and mobile.
Developed an escrow payment system with Stripe Connect and Veriff, allowing tenants and landlords to transact safely, with auto-release conditions.
Designed a credit scoring engine using soft credit data, payment behavior, and fraud signals to provide risk scores instantly.
Created an internal admin dashboard to manage users, track verifications, and handle dispute resolutions efficiently.
Tech Stack Used
Value Created
Reduced identity verification time from 48 hours to under 5 minutes
Escrow-based payments increased transaction security and built user trust
Risk scoring improved tenant filtering and reduced payment defaults
Boosted admin productivity by 60% with real-time dashboards and automation
Helped the client pass early compliance checks and attract pre-seed investment