PayUp announces partnership with ResMan
Fintech start-up collaborates with one of the industry’s leading property management software providers
AUSTIN, Texas, 12 January 2023 /PRNewswire/ — PayUp, a Rex company, announced today that it has partnered with ResMan, a leading property management system that drives profitability and efficiency for nearly a thousand property management companies across the United States. PayUp is an early payment solution for fintech for small and medium-sized large companies that ensures convenient and affordable access to capital.
Payup works with ResMan to break the financial barrier for suppliers.
“Suppliers in the real estate industry are typically paid 30 days after they complete the work, causing working capital issues, often costing them new business opportunities,” said Peter Rex, executive chairman and founder of Rex. “Most available financing options for this market are complex and add debt to businesses that cannot afford it. PayUp empowers providers who do critical work that ensures properties continue to operate and residents are well served.”
PayUp works with businesses and their customers to accelerate payments and provides a fully integrated experience that seamlessly fits into existing billing workflows and provides instant verification and early, predictable payouts.
“Partnering with an industry leader like ResMan is an exciting new chapter for our business,” said Denver Lobo, co-founder and CEO of PayUp. “This partnership gives PayUp access to thousands of suppliers who will be able to control their financial destiny.”
Since May 2022PayUp has processed thousands of invoices in total over 2.0 million dollars in payments, and has recently secured a multi-million dollar line of credit to continue expansion.
About Rex
Rex is a technology company whose mission is to disrupt real estate and empower people with more technological solutions – everything from insuring and paying workers to property management and investing. Founded by Peter Rex and has its headquarters in Austin, Texas.
About PayUp
PayUp is a fintech company that serves small and medium-sized businesses with early payment solutions. PayUp’s technology allows suppliers to get paid early on the timeline. For more, visit www.PayUp.com.
About ResMan
ResMan is the preferred growth partner driving profitability and efficiency for nearly a thousand property management companies across the United States. ResMan delivers the property management industry’s most innovative technology platform, making real estate investments and operations more profitable and easier to manage. ResMan’s platform unlocks a new path to growth for property management companies delivering consistent NOI improvement and brilliant resident experiences easier than ever before. For more, visit us at www.myresman.com.
For more, visit www.rex.com.
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SOURCE Rex
