ClickPay, a US-based electronic payment solutions provider, has merged with NovelPay to simplify real estate payment market with the launch of property billing and payment solution.
According to ClickPay, the new property billing and payment solution will combine all billing and payments, streamline the administration of the collection process.
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Originate Ventures and Thayer Street Partners, the existing investors of the entities, will support the merged entity by introducing additional capital to enhance the already rapid growth pace.
The newly merged entity will offer 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.
Additionally, the combined organisation will serve the payment needs of the major multifamily owners and managers across the country from Hawaii to Maine alongside the real estate market including multifamily, condo/coop, commercial, parking, storage and others.
ClickPay co-founder, Tom Kiernan, said: "The NovelPay team has made their mark with their advanced platform and reputation for incredible service and innovation. 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."
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