NEW YORK, NY (PRWEB) December 07, 2013
NovelPay and ClickPay announced today that they have merged. The joining of these two leaders in the real estate payment market delivers the most complete solution to unify all billing and payments, streamlining the administration of the collection process. Existing investors of the entities, including Originate Ventures and Thayer Street Partners, have backed the union by infusing additional capital to enhance the already rapid growth pace. The unparalleled newly expanded company will move forward featuring the ClickPay “brand” in its marketing.
Joining forces provides the “complete billing and payment solution” to enable property owners and managers to collect payments from their residents including online payments, lockbox, paper statements and e-bill, as well as accepting all payment methods including e-check, credit cards, and American Express. The combined organization will serve the payment needs of the largest multifamily owners and managers across the country from Hawaii to Maine. The Company serves all aspects of the real estate market including multifamily, condo/coop, commercial, parking, storage and other.
Additionally, the united Company now integrates with essentially every leading real estate accounting software or property management program.
Ernest Muller, Co-Founder of NovelPay, said: “ClickPay has been a well-respected competitor for many years, and we have always admired their reputation for quality and customer care. We shared the same vision for our business. Our union enhances our ability to provide the most complete billing and payment service in the market.”
“The NovelPay team has made their mark with their advanced platform and reputation for incredible service and innovation. The technology in the world of payments is changing rapidly. Combining our talents and resources enables us to accelerate our product and service evolution to meet the needs of the residents and property managers we serve,” said Tom Kiernan, Co-Founder of ClickPay.
“We appreciate the commitment of our employees and the loyalty of our customers in building this business and now we appreciate their outstanding support during this transition period,” said Steve Van Praagh, Co-Founder of ClickPay.
About ClickPay, a Division of NovelPay, LLC
As the leading provider of electronic payment solutions for the multi-housing industry, ClickPay offers fully integrated payment processing services and software to accelerate the financial performance of its customers by reducing operating costs, creating operational efficiencies, and boosting resident satisfaction. These services provide property owners and managers with a customizable, electronic solution to bill and collect from their residents including online payments, lockbox, paper statements and e-bill. ClickPay enables property owners and managers to accept all payment methods including e-check (ACH), credit cards, American Express, and paper checks. Utilizing years of collective experience in the real estate, electronic payment, and technology sectors, the ClickPay team has developed a comprehensive suite of services focused on real estate payment processing.