Established in 2004 in South Africa as the second brainchild of brothers Johannes and Jaco van Eeden , PayProp was based on the same codebase as GivenGain , a leading global online fundraising platform for charity in the same stable .
Whereas GivenGain is about transferring donations quickly , safely and efficiently across all payment barriers , PayProp does the same for property managers as an automated payment and reconciliation platform for residential rental agents .
Part of something bigger PayProp forms part of the Humanstate Group – an international private technology services group with subsidiaries in South Africa , United Kingdom , United States , Canada as well as Switzerland .
South Africa has provided the blueprint for most of PayProp ’ s international success with industryleading innovation in rental payments . However , the SA business draws on a rapidly growing international knowledge base with products originating in other markets and adding enormous value for their SA clients too .
More out of Work , More out of Life Davel says PayProp ’ s success is thanks to being both easier to use and more powerful than solutions offered by banks and traditional software vendors .
PAYPROP
“ PayProp frees up your time , your money and your agency for more . By automating and optimising inefficient rental payment processes , PayProp frees up real time for real estate professionals to do what really matters .”
Since 2004 , PayProp has grown rapidly , and today serves a large and diverse customer base of rental agents around the world , also including the UK , Canada and the United States .
Like Clockwork But PayProp is much more than just time-saving , get-a-life convenience through automation . It is trusted by thousands of agencies worldwide to be safe as houses , accurate down to the cent , and to run like clockwork , getting money processed and paid out to landlords and third parties – fast , effort-free and transparently .
“ Our platform sets the standard for speed and accuracy of payments as well as cost and payment status transparency , offering our customers complete transactional control and assistance with regulatory compliance ." Of the many benefits offered to their clients locally and abroad , PayProp uniquely offers direct bank integration of its trust accounts , to give real accuracy and value to its automated rental payment collections , trust account reconciliations and beneficiary payments .
SA Real Estate Investor Magazine NOV 2021 13