Zego: Simplifying Rent Payments
With social distancing and stay-at-home orders in effect across the country, property management companies turn to Zego’s resident engagement platform to safely and securely go above and beyond for their residents.
A core component of resident interactions is the collection of rent and the Zego Pay product aligns the health and well-being of both residents and staff through a digital payment solution. Zego’s 100% digital payment methodology has enabled operators to drive resident adoption by an additional 30% to 80% in a single month.
In addition to simplifying payments, Zego Engage and Zego Smart support a full spectrum of resident engagement during the pandemic. Zego Engage allows property managers to share information quickly and easily so their communities stay safe as situations unfold, while Zego Smart supports efforts like no-touch unit showings.
Learn More at the Zego Resource Center.
Year of Investment: 2017
Portfolio Status: Current
Headquarters: San Diego, CA
Serving 12MM+ Residents
Mobile-centric engagement platform for the residential real estate industry.
Zego (Powered by PayLease) is a leading mobile engagement platform for the residential real estate industry that unifies critical resident touchpoints into one app. The Company’s mobile-first platform seamlessly integrates payments, billing and utility expense management, communications, and smart home devices to drive increased engagement and efficiency across communities. The results for property management companies and homeowner associations are greater portfolio-wide efficiency, increased NOI, and more satisfied residents. 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.