Clear Secure announced a partnership with Snappt, a leading applicant‑trust platform for the multifamily housing industry, to embed its CLEAR1 identity‑verification service into Snappt’s platform. The integration allows Snappt users to verify applicant identity in under 90 seconds using CLEAR1’s multi‑layered biometric, document, and device signals.
In the first six months of the collaboration, CLEAR1 identified more than 5,400 fraudulent applications and prevented over $10 million in potential bad debt, demonstrating the effectiveness of the joint solution in a market where fraud rates are rising.
The partnership marks a key milestone in Clear Secure’s enterprise expansion strategy. In Q4 2025, the company reported revenue of $240.8 million, up 16.7% year‑over‑year, and earnings per share of $0.31. That quarter also saw the largest bookings for its CLEAR1 business to date, with bookings more than doubling year‑over‑year, underscoring the growing demand for high‑assurance identity verification beyond airports and healthcare.
Snappt is a well‑established player in the multifamily housing sector, known for AI‑enabled fraud detection and income verification. The company’s 2026 Multifamily Fraud Report highlighted that in 2025, over 86,000 edited applications were identified, with an average fraud rate of 5.1%. The partnership addresses the sector’s 93% fraud‑reporting rate among owners and managers.
Jon Schlegel, Chief Security Officer at CLEAR, said: "Rental fraud is evolving fast, and the industry needs stronger identity infrastructure to keep pace. Our work with Snappt shows that high‑assurance identity verification can help stop bad actors earlier in the process without creating unnecessary friction for legitimate applicants." Kyle Nelson, EVP of Corporate Strategy & Growth at Snappt, added: "Fraud is rising across multifamily, but renters shouldn't pay the price. Our goal is to make it easier for applicants to move through the leasing process while giving operators greater confidence in who they're approving."
The partnership demonstrates the scalability of CLEAR1’s technology and reinforces Clear Secure’s strategy of embedding its identity platform into third‑party ecosystems to capture larger markets. It also provides a new revenue stream and strengthens the company’s position in the growing multifamily housing market, where identity fraud is a significant concern.
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