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Corporation
mepay.ph

Investments

1

Portfolio Exits

1

About MePay

MePay offers secure online shopping without a credit card.

Headquarters Location

Philippines

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Latest MePay News

PropertyMe launches MePay, a payment platform for renters

Jan 31, 2023

PropertyMe launches MePay, a payment platform for renters Tuesday 31 January 2023 08:25 CET | News Australia-based property management platform PropertyMe has rolled out MePay, a payment platform that enables Australian tenants to pay the rent online. Payments are processed using encrypted payment software with a direct link to a major bank, ensuring that they are safe and secure. Unlike with traditional payment methods, account details are never shared with the agent and there are no fees for tenants, owners, or property managers. Keeping track of rental payments According to PropertyMe, MePay would change the status quo for both agents and tenants, by reducing administration time and improving safety, security, and visibility. The platform provides full visibility on real-time rental payments and reduces the amount of time spent on managing payments and chasing arrears. PropertyMe is Australia’s largest property management platform and is used by more than 30,000 real estate agents. MePay will be available to almost two million tenants already on the PropertyMe platform. The payments are compliant with Fair Trading legislation in all states. Payments are secured Officials from PropertyMe said that unlike some other property management systems, PropertyMe processes all payments through rental trust accounts, adding an extra layer of protection for both landlords and tenants. In additionknow a major pain point for property managers is the amount of time spent managing the rental ledger. With MePay, payments are processed without the agency needing to do anything — it happens even when the office is closed. Tenants are automatically reminded about their auto payments, further reducing the admin overhead for property managers. MePay will be free to use for agents, owners, and tenants, with payments reported in real-time with no next day receipt matching to be done. The platform will also streamline the process for tenants, who can set up their payments, view their rental bond, and submit maintenance requests all in the one place.

MePay Investments

1 Investments

MePay has made 1 investments. Their latest investment was in Payleven as part of their Series D on February 2, 2016.

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MePay Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/11/2016

Series D

Payleven

$10M

Yes

4

Date

2/11/2016

Round

Series D

Company

Payleven

Amount

$10M

New?

Yes

Co-Investors

Sources

4

MePay Portfolio Exits

1 Portfolio Exit

MePay has 1 portfolio exit. Their latest portfolio exit was Payleven on April 27, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/27/2016

Merger

$99M

2

Date

4/27/2016

Exit

Merger

Companies

Valuation

$99M

Acquirer

Sources

2

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