Zego: Simplifying Rent Payments
With social distancing and stay-at-home orders in effect across the country, tenants are turning to Zego’s digital payments platform to safely and securely submit their rent payments from the comfort of their own homes.
Zego’s online platform ensures the health and well-being of both residents and leasing staff by preventing money from exchanging hands in person. Digital payments also give tenants greater flexibility with their payment method via ACH payment or credit cards. For property managers, Zego’s solution delivers funds more quickly than manually processing checks.
In addition to simplifying payments, Zego’s solution helps keep residential communities alert during the pandemic. The Company’s Engage feature allows property managers to share information quickly and easily so their communities stay safe as the situation unfolds. Zego has also created additional resources to help property management companies communicate with residents during this time.
Learn More at the Zego Resource Center.
Year of Investment: 2017
Portfolio Status: Current
Headquarters: San Diego, CA
Serving 12MM+ Residents
Online payment solutions and mobile-centered resident engagement platform for property management companies and tenants.
Zego (Powered by PayLease) is a leading payments technology and resident engagement platform for the residential real estate industry that unifies critical resident touchpoints into one app. The Company’s mobile-first platform delivers portfolio-wide efficiency, higher NOI and more engaged residents by seamlessly integrating payment, billing and utility expense management capabilities with a proprietary resident engagement and communication portal. Zego also provides smart home device functionality. Zego serves 6,000 residential real estate companies and over 12 million units nationwide.
Zego was founded in 2003 and is based in San Diego, CA, with operations in Chicago, IL and Kansas City, MO.
Vista Foundation Fund III completed the acquisition of PayLease in July 2017. PayLease rebranded to Zego in February 2020.
Vista Foundation Fund III completed the acquisition of PayLease in July 2017.