Domuso Expands Footprint in Multifamily Payments as Client Partnerships Fuel 400 Percent Growth of Fintech Platform (PRWeb/Cision)
Rent payment processor attributes gain to innovative products and seamless technology integration focused on reducing paper and improving property financial performance.
SANTA MONICA, Calif. (November 11, 2018) -- Domuso today announced its payment volume and footprint of total active rental units increased over 400 percent year-over-year from Q3/2017 to Q3/2018 and that it has added new clients to its expanding multifamily rental payment processing platform.
Among the company’s recent clients wins have been large multifamily residential property management firms FPI Management and Apartment Management Consultants (AMC). Domuso now delivers its services to three of the top 10 multifamily property management firms, including FPI, AMC and Pinnacle Property Management, which collectively control more than 300,000 rental units.
Domuso attributes its recent growth not only to new deals, but also to the expansion of its financial service offerings with current customers. Properties using Domuso benefit from eliminating payment risk exposure and automated payment policies, while the company’s alternative credit and risk management solutions give residents more convenient, safe and affordable payment alternatives.
The result has been a 400 percent year-over-year increase in the number of active rental units where payments are being processed through Domuso’s platform. The company’s year-over-year payment volume also grew 400 percent during the period ending September 30, 2018.
“It’s rewarding to see our vision and hard work gain traction from industry leading multifamily property management companies,” said Michael Lightfoot, co-founder and COO of Domuso. “We’re committed to helping our partners streamline their property operations by delivering new innovative digital payment options for both web and mobile.”
Domuso is a next-generation financial services platform offering the most comprehensive suite of payment processing solutions available to the multifamily property industry. Driven by data and technology, Domuso provides new digital payment options to streamline the rent payment experience for residents and improve individual property financial performance for owners and operators. Fully integrated with leading accounting systems and property management platforms, Domuso is the only provider to offer alternative credit, digital certified and automated, logic-driven payment options. Domuso is privately held and headquartered in the heart of Silicon Beach in Santa Monica, California. For more information, visit domuso.com.
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