Snappt Acquires Trigo; Secures $50M Growth Facility from Hercules Capital

August 7, 2025

Snappt, an AI-powered applicant trust platform for multifamily housing, has acquired Trigo, a rent‑verification technology provider, and secured a $50 million committed growth facility from Hercules Capital. The acquisition integrates Trigo’s verified rental payment history capabilities into Snappt’s fraud‑detection and applicant screening platform to speed leasing decisions and improve tenant qualification signals.

Buyers
Snappt, Inc., Hercules Capital, Inc.
Targets
Trigo, Inc.
Industry
Real Estate
Location
New York, United States
Transaction Type
Buyout

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