Case Study: Livble increases rent payment flexibility and approval rates with Plaid

Revolutionizing rent payments with Livble

Livble, a real estate platform, aimed to revolutionize rent payments by offering tenants a way to split their rent into manageable installments. Their challenge was that traditional credit scores failed to provide a complete picture of a tenant's financial health, especially for the modern workforce with fluctuating incomes. To better underwrite applicants, Livble needed a real-time view of cash flow, a service they accessed through Plaid.

Using Plaid's open banking platform, Livble was able to securely access and analyze real-time cash flow data from prospective tenants. This solution allowed them to assess eligibility more accurately and offer flexible payment plans. The results for Livble were significant: their cash flow underwriting model achieved a 25% reduction in false positives and allowed them to approve three times more tenants while maintaining the same default rates as a credit-score-only model.

Livble

Josh Ehrlich

Co-Founder and CEO