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Android

Airbnb buys Trooly technology to deal with scammers and fraud

Airbnb buys Trooly technology to deal with scammers and fraud
Ule Lopez
June 18, 2017

Airbnb, a company that produces an online marketplace to buy private properties. Has listened to their clients’ feedback through social media along with other sources, and now they are increasing their security measures with the Background-Check Startup technology offered by Trooly. With this, Airbnb will be able to track previous infractions from sellers.

Airbnb is a marketplace where people are able to buy and list private properties, started in August 2008 in San Francisco. The site has been seeing a lot of improvements and expansions towards its life, currently owning more than 3 million home and apartment rental listings, which now expands into new products like Travel Experiences. This was because of the purchase of Canadian property management company “Luxury Retreats”.

Increasing security for a better Airbnb

The company that has been based in Lost Altos, California has been helping Airbnb to identify genuine user identities since 2015. The reason for this being that since 2008, Airbnb has had a lot of issues regarding fraudulent listings from fake property owners, and even side deals involving people contacting hosts through social media and making the transaction directly and not through the app.

It’s expected that Trooly will shut down their operations and then become affiliated with Airbnb after the deal is is closed this Monday. Then Trooly’s intellectual and engineering team will form part of the home-rental site. With this, Airbnb which is currently valued at $31 Billion dollars is expected to have another expansion in terms of security.  They have since turned a profit in the second half of 2016 according to Bloomberg. And have since maintained and expected the same profitability through the rest of this year.

“We look forward to welcoming the Trooly team to Airbnb in the coming weeks” said Tim Ratschmidt, an Airbnb spokesman. However, no further details about the amount of money Trooly has been purchased or arrangement details have been provided since.

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Related ItemsAirBnBfeaturedSoftwaretechnologyTrooly
Android
June 18, 2017
Ule Lopez @UleTheVee

I always wanted to be a journalist who listens. The Voice of the Unspoken and someone heavily involved in the gaming community. From playing as a leader of a competitive multi-branch team to organizing tournaments for the competitive scene to being involved in a lot of gaming communities. I want to keep moving forward as a journalist.

Related ItemsAirBnBfeaturedSoftwaretechnologyTrooly

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