Zego

What Zego does

Zego (legal entity PayLease, LLC) is a property management automation platform that serves residential real estate operators across multifamily, single-family rental, homeowner associations (HOAs), student housing, manufactured housing, and build-to-rent communities. Founded in San Diego in 2003, the company operates as a wholly-owned subsidiary of Global Payments Inc. (NYSE: GPN) following its 2021 acquisition. Zego's technology stack is organized into three core products: Zego Pay (digital payment processing for rent, HOA dues, and ancillary fees across ACH, card, cash at retail, lockbox, and check-scanning rails), Zego Utility (utility expense management, resident utility billing including RUBS, vacant unit cost recovery, and usage anomaly detection), and Zego Mobile Doorman (resident engagement, work-order management, lease renewals, and package management). The platform is delivered as cloud-based SaaS with 20+ years of integrations into leading property management systems and accounting software, supported by PCI Level 1 compliance and annual SSAE18 audits.

The company's business model combines transaction-based payment processing fees with subscription software revenue, sold primarily through a direct enterprise sales motion with quote-based annual pricing and a self-service payment portal for resident-facing transactions. Go-to-market targets on-site property managers, property owners, HOAs, and a long tail of more than 7,000 management companies across the United States, with distribution amplified by Global Payments' global payments ecosystem. Zego also sells packaged solutions (Resident Experience Management, Resident Lifecycle Management, Revenue Protection Suite, Resident Benefits Package) that bundle modules into higher-priced enterprise offerings.

In 2024, Zego reported $44.2 million in ARR. The company raised a $30 million Series B in 2025 at a $1.1 billion post-money valuation, on top of $45 million raised across three prior rounds. Recent product and partnership activity includes a 2025 Resident Rewards Program launch and a renewed partnership with Clearspeed for voice-based risk assessment, both of which point to expansion of the recurring revenue surface and the Revenue Protection Suite.

Name

Zego

Legal name

PayLease, LLC

Website

https://gozego.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

Zego is a property management automation platform serving 7,000+ residential real estate operators with digital payments, utility billing, and resident engagement software. Operating as a subsidiary of Global Payments Inc., the platform spans multifamily, HOA, student housing, manufactured housing, and build-to-rent verticals.

Ownership category

akta.pro rank

Product category

Property Management Software

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Services-Management Services (8741), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

HOA / Condominium Association Management (BPAJAFAH), Residential Lease Administration & Tenant Services (BPAJAFAL)

Keywords

• Property management software
• Rent payment processing
• Utility billing automation
• HOA dues collection
• Resident engagement platform

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Payment Processing Fees: Transaction-based fees charged for processing digital rent payments, HOA dues, and other payment types. Fees are charged to residents or property managers for payment processing services including ACH, credit/debit cards, and walk-in payment locations.
2. Software Platform Subscription: Property management software subscription for access to Zego Pay, Zego Utility, and Zego Mobile Doorman platforms. Pricing appears to be quote-based for enterprise customers.
3. Rewards Program: Upcoming rewards program allowing property managers to incentivize resident behaviors like paying rent online, with points redeemable for rent discounts.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Zego provides a property management automation platform that streamlines digital payments, utility billing, and resident engagement for property managers, HOAs, and residential real estate operators. Its three core products—Zego Pay, Zego Utility, and Zego Mobile Doorman—integrate with leading property management systems to automate rent and dues collection, expense recoupment, and on-site workflows for over 7,000 management companies.

Product overview

Zego offers a modular property management automation platform organized around three core products: Zego™ Pay (digital payment processing and collections), Zego™ Utility (utility expense management and resident billing), and Zego™ Mobile Doorman (resident engagement and operations). These integrate with leading property management systems to provide real-time insights across the resident lifecycle. The platform serves multifamily, HOA, student housing, manufactured housing, and build-to-rent communities with solutions spanning payments, utilities, resident engagement, and revenue protection. The company also offers multiple solution packages including Resident Experience Management, Resident Lifecycle Management, and Revenue Protection Suite. Zego operates as a subsidiary of Global Payments, having evolved from its original PayLease brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Zego Pay

Quantifiable outcome

• 27% of renters pay rent late at least once a year
• +4 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Partnerships

One partnership is on record.

• ClearspeedcoreTechnology or Integration · 9 October 2025Zego renewed its partnership with Clearspeed to enhance its motor claims process using voice-based risk assessment technology. The collaboration aims to improve claim handling efficiency, fraud detection, and customer satisfaction, leading to significant operational improvements and cost savings.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• AppFolio: Cloud-based property management SaaS for residential and commercial portfolios with integrated online payments and resident tools. Targets the same mid-market and enterprise property manager segment as Zego.
• RealPage: Largest US multifamily property management software platform, offering payments, utility billing, and resident engagement capabilities that overlap directly with Zego's three core product lines. Both compete for the same property manager customer base.
• Avail: Rental management and listing platform with online rent collection and tenant screening, owned by Move/Realtor.com. Directly comparable online rent payment functionality for independent landlords and small portfolios.
• MRI Software: End-to-end real estate software platform covering multifamily, commercial, and affordable housing with payments and resident engagement modules. Competes for the same enterprise property management accounts.
• Buildium: Property management SaaS focused on small-to-mid-market residential portfolios, including HOA and rental managers. Competes head-to-head with Zego for the same SMB and HOA customer base.
• PayRent: Online rent payments platform focused on bank-level payments and resident credit building. Direct competitor to Zego Pay's core online rent collection functionality.
• Yardi: Dominant enterprise property management software suite for multifamily and commercial real estate, including payments and resident portals. Yardi competes both as a property management system Zego integrates with and as a direct native alternative.
• RentRedi: Residential rental management software offering rent collection, tenant screening, and landlord/tenant apps. Competes with Zego Pay for the same online rent payment use case at smaller portfolio sizes.

Emerging players

• Second Nature: Resident benefits package provider offering renters insurance, air filter delivery, and other perks bundled into rent. Competes with Zego's Resident Benefits Package solution for the same resident-retention and ancillary revenue use case.
• Flex: Rent payments platform that lets residents pay rent via credit card and build credit history, overlapping with Zego's Rental Credit Reporting and Flexible Rent Payments modules. Targets the resident-facing side of the same workflow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Go_Zego
• YouTubemusic.youtube.com/playlist?list=PLQlb6myj2fE1Uij0L2NhVztlopctu4akZ
• Facebookfacebook.com/GoZego
• LinkedInlinkedin.com/company/gozego
• Instagraminstagram.com/go_zego

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zego