Kaizen Blitz Analytics (KBA), a leading provider of AI-powered tenant screening solutions, today announced strong growth for fiscal year 2023 and significant expansion of its product offerings.
In FY23, KBA saw substantial adoption of its SmartRentScore product in Colombia. The company assessed 30,000 individuals for approximately 20,000 rental applications across the Colombian territory. Monthly usage of SmartRentScore grew significantly, with volumes increasing 9-fold from January to December 2023.
This increased adoption translated into strong financial performance. KBA more than doubled its revenue in FY23 compared to FY22, reflecting the growing demand for its AI-driven tenant screening solutions.
“We’re thrilled with the market response to SmartRentScore in Colombia,” said Borja, CEO of KBA. “The rapid adoption we’ve seen demonstrates the real need for innovative, data-driven solutions in the proptech sector.”
Uli, CTO of KBA, added, “Our focus on technological excellence has paid off. The SmartRentScore API consistently delivers results in milliseconds, with robust error handling and documentation. This performance is crucial for our clients who need quick, reliable decisions in their tenant screening processes.”
In addition to its success in Colombia, KBA expanded its product line with the launch of KBA.Suite in Mexico in November 2023. This comprehensive, white-label software solution transforms manual tenant screening into a streamlined, digital workflow.
“Our expansion into Mexico with KBA.Suite represents a significant milestone for KBA,” Borja added. “We’ve already signed a contract with a large international multifamily operator to implement KBA.Suite in Q1 2024, which we expect will drive substantial growth in the coming fiscal year.”
The company anticipates that the implementation of KBA.Suite with this new client will lead to a significant increase in both usage and cash flow in FY24.
Looking ahead, KBA remains committed to innovation in the proptech sector and expects continued strong growth as it expands its presence in Latin America.
For more information about KBA and its products, don’t hesitate to visit our website.
About KBA: Kaizen Blitz Analytics (KBA) is a U.S.-based tech company specializing in AI-powered solutions for the real estate industry. With a proven track record in Latin America, KBA combines advanced machine learning algorithms with deep market knowledge to provide innovative tools that streamline operations and reduce financial risks for property managers and owners.