It all started on a balmy Spring day in 2005. Looking at the multi-family housing market, serial entrepreneurs Eric Remer (CEO) and Allen Wolff (Co-founder & CFO) saw a critical need to help property managers and owners automate the collection of monthly rent payments. With existing distribution to the multi-family housing community from their current company, Eric and Allen believed they could create a compelling business and value proposition within the electronic payment space for recurring rent collection. So, they set out to find a solution for these property managers and owners.

The market was fragmented and solutions were still developing their “hooks” for the owners. Through calls, research, and diligence, it quickly became clear that service businesses across all industries could benefit from an automated payment solution.

Financials

Date Type Amount Investors Valuation
09/01/11 Other 16M Susquehanna Growth Equity Unknown