PayLease Inc. , which employs about 300, started out providing online payments, residential billing and utility expense management tools to property managers and homeowners associations. Its offering expanded, however, with the acquisition of Zego, a Kansas City startup co-founded in 2017 by Adam Blake.
Who bought Zego?
Zego has officially been acquired by Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions. This transaction extends Global Payments’ leadership in software into the real estate vertical.
How does Zego make money?
Subscription ACH The management company will pay a small, monthly per-unit fee that includes all ACH transaction costs no matter how many residents pay digitally. It’s a subscription model that works best for management companies with over 50% adoption.
Is Zego the same as PayLease?
On February 10th, we rebranded to Zego (powered by PayLease) and launched a new corporate website at gozego.com. This change will not impact how you currently make payments as a resident or homeowner, log in as a Property Management professional, or how we integrate with your software.
Who does Global Payments own?
Global Payments itself bought Heartland Payment Systems Inc in a $4.3 billion cash-and-stock deal in 2016. The deal is expected to immediately add to Global Payments’ adjusted profit by mid-single digits in 2020.
Is ZEGO a SaaS company?
Zego delivers its full value stack through a cloud native SaaS platform to enable seamless property management and best-in-class resident engagement and commerce experiences.
How much is Zego worth?
Zego, the tech-enabled commercial motor insurer, raises $150M at $1.1B valuation | TechCrunch.
Is Zego a unicorn?
Zego, founded in London in 2016 , hit a $1bn value last year, the first UK insurtech to reach Unicorn status, and is now targeting the European market. Image source: Sten Saar, CEO and Co-founder of Zego (centre).
How many employees does Zego have?
With more than 250 employees, Zego serves 6,000 residential real estate companies and over 12 million units nationwide. Zego is backed by Vista Equity Partners, a leading technology investment firm focused on enterprise software, data, and technology-enabled businesses.
Does Uber accept Zego?
As a trusted provider of Private Hire insurance, we’re pleased to say that Zego forms part of Uber’s selected insurance providers As an Uber driver-partner you have the option to integrate your Uber account with your Zego account, allowing you to access a range of benefits.
Does Zego report to credit bureaus?
Zego reports payments to LevelCredit within a week. LevelCredit then reports the payments to the credit bureaus on a monthly basis Each bureau handles reported payments differently. The reported payments will appear on your credit report based on the bureaus’ processes, typically within a month.
When was Zego founded?
Founded in 2016 by Harry Franks and Sten Saar, Zego is a commercial motor insurance company that powers businesses’ opportunities, from self-employed drivers and riders to entire vehicles’ fleets.
Who founded PayLease?
PayLease was founded in 2003 by Ty Kalklosch and Yann Phung and was recently ranked 344th on the Inc. 500 list of fastest growing private companies in the U.S. Mainsail Partners, a leading growth equity firm, invested in PayLease in 2010.
How does Zego PayLease work?
Zego integrates rent payments and funds your account: No matter how residents choose to pay, our online rent payment system seamlessly integrates all transactions into your accounting software. We deposit the funds into the bank account/s of your choice for each of your properties.
What does Zego mean?
The ZEGO (” Zest to go “) is a rackmount server platform built by Sony, targeted for the video post-production and broadcast markets. The platform is based on Sony’s PlayStation 3 as it features both the Cell Processor as well as the RSX ‘Reality Synthesizer’.
Who acquired Heartland?
Heartland Payment Systems, Inc. is a U.S.-based payment processing and technology provider. Founded in 1997, Heartland Payment Systems’ last headquarters were in Princeton, New Jersey. An acquisition by Global Payments , expected to be worth $3.8 billion or $4.3 billion. was finalized on April 25, 2016.
Does Globalpay own worldpay?
JACKSONVILLE, Fla., July 31, 2019 – FIS (NYSE: FIS) today announced the closing of its acquisition of global payments leader Worldpay, Inc. , creating a global leader in technology and solutions for merchants, banks and capital markets.