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Funnel

“Can a renter-centric, PMS-agnostic AI CRM replace the front-office monopoly of legacy multifamily platforms like Yardi and Entrata?”

Founded2011
HQOdessa, Florida, United States
Total raised$116.6M
Latest round$32M (2024)
IndustryVertical SaaS / Real Estate
The story

Funnel Leasing (not to be confused with the Stockholm-based marketing SaaS 'Funnel') was founded in 2011 as a multifamily leasing platform and evolved into an AI-infused, PMS-agnostic Renter Management Software (RMS) CRM for property owners and operators. Its embedded finance surface area is deliberately narrow: rent payment processing via Stripe and applicant identity/income verification via Plaid and Finicity through 'FunnelSecure'. Funnel does not act as a payment processor, money transmitter, or credit reporting agency itself — those flows are entirely delegated to third-party vendors. The 2026 ChatGPT rent-payment demo signals a pivot toward agentic AI as the interaction surface for embedded rent flows.

Last 12 months
2026-02
2026
2024-07
Product timeline
2011
Company founded as multifamily leasing / CRM platform· founding
2022
Completes SOC 2 Type II Certification· compliance
2023
Partners with Plaid to launch FunnelSecure — identity, income, employment, document verification integrated in online leasing· product
2024
Raises $32M to expedite adoption of the new operating model· funding
2024
Launches Entrata integration, making Funnel a PMS-agnostic front-office solution· product
2026
Processes world's first rent payment inside ChatGPT (with BH Management)· product
2026
Becomes fastest multifamily software company to reach $50M ARR· milestone
Acquisitions
Nestio
Resident portal product, now branded 'Nestio' within Funnel's suite (integration/rebrand implied by product naming)
The stack
4 layers disclosed in Funnel’s embedded-finance stack
Payments / PSP
Stripe
Open banking
in the full report
KYC
in the full report
Accounting
in the full report
Accounting gap: minor
9 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Funnel — frequently asked

Who is Funnel's payment processor?

Funnel processes payments through Stripe.

Which KYC provider does Funnel use?

Funnel uses Plaid, Finicity, TransUnion and Cognito for KYC and identity verification.

Which open banking provider does Funnel use?

Funnel connects to bank accounts through Plaid and Finicity.

Which accounting software does Funnel integrate with?

Funnel integrates with Yardi Voyager, RentCafe and Entrata.

What is Funnel's embedded finance stack?

The Embedded Finance Index 2026 maps 4 layers in Funnel's stack: Payments / PSP (Stripe); Open banking (Plaid and Finicity); KYC (Plaid, Finicity, TransUnion and Cognito); Accounting (Yardi Voyager, RentCafe and Entrata).

Where is Funnel headquartered?

Funnel is founded in 2011 and headquartered in Odessa, Florida, United States.

How much funding has Funnel raised?

Funnel has raised $116.6M in total (latest round: $32M (2024)).

What companies has Funnel acquired?

Funnel's acquisitions include Nestio.

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