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March 30, 2023

Payscore secures more private-equity backing

Payscore is a local startup, based in Leschi, that helps apartment building managers verify the incomes of potential tenants. It recently raised an unspecified amount of cash from private-equity investors led by ffVC of New York. The latter firm's Alex Katz is on the Payscore board of directors, and said in a statement, “By analyzing consumer-permissioned data, Payscore ensures every applicant is evaluated fairly and objectively, even when income is cash-based, like tips, or fluctuates, like commissions.” Payscore co-founder CEO Mark Fiebig added, “We're making it simple for applicants and operators to easily share and accurately assess the truth about income.” Other backers include the Bay Area's Hamilton Ventures and local shops SeaChange Fund and Alliance of Angels. Payscore's second co-founder is Stephen Arifin.

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