DepositCloud
DepositCloud is a SaaS platform that unifies security deposit management, installment plans, and deposit alternatives for multifamily property managers and operators across all 50 U.S. states, automating move-out processing and regulatory compliance through a single system.
- Company typePrivate
- Founded2017
- HeadquartersEverett, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What DepositCloud does
DepositCloud, operated by DepositPal, LLC and headquartered in Everett, Washington, provides a cloud-based SaaS platform that unifies management of cash deposits, installment plans, and security deposit alternatives for the multifamily housing industry. The platform is built to address fragmented deposit workflows by automating move-out processing, maintaining a real-time compliance engine covering 50-state, county, city, and zip-level regulations, supporting retroactive migration of existing residents, and delivering human-based customer service with a stated zero-AI resident interaction policy. The product integrates with major property management systems (PMS) and is positioned as a single source of truth spanning past, present, and future residents, including escheatment handling.
The company serves property managers, owners, and operators of multifamily, affordable, student, conventional, and single-family housing communities, with a secondary end-user base of residential renters. Its distribution model is direct enterprise B2B sales, with demo requests captured through the company website and engagement routed to a sales inbox; pricing is quote-based and not publicly disclosed. Revenue is generated through subscription-based SaaS contracts on a portfolio basis. EasyPay by DepositCloud operates as a sub-brand extending the platform into deposit account services.
DepositCloud is privately held and founder-owned by Michael Bowman, with no disclosed external institutional or venture funding. The executive team includes a President & COO with over two decades of PropTech and FinTech experience, alongside EVPs covering Finance, Client Success, and DevOps. The company maintains an advisory council that includes senior executives from large multifamily operators Asset Living and Avenue5 Residential, signaling intent to penetrate enterprise-scale portfolios.
DepositCloud firmographics
Firmographics- Name
- DepositCloud
- Legal name
- DepositPal, LLC
- Website
- https://depositcloud.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DepositCloud is a SaaS platform that unifies security deposit management, installment plans, and deposit alternatives for multifamily property managers and operators across all 50 U.S. states, automating move-out processing and regulatory compliance through a single system.
- Ownership category
- akta.pro rank
DepositCloud industry classification
Industry- Product category
- Multifamily Property Management Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM)
- akta.pro secondary industry
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)
Keywords
Where DepositCloud is headquartered
LocationHeadquarters
- HQ city
- Everett
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
DepositCloud business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Deposit Management Platform Subscription: Subscription-based SaaS revenue from property managers and operators for access to the unified deposit management platform covering cash deposits, installment plans, and security deposit alternatives.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
DepositCloud product offering
Product offeringCore offering
DepositCloud operates a cloud-based SaaS platform that unifies security deposit management for the multifamily housing industry. The platform manages cash deposits, installment plans, and security deposit alternatives in a single system, with automated move-out processing, real-time compliance coverage across 50-state, county, city and zip jurisdictions, retroactive resident migration, and human-based customer service. It is sold as a subscription to property managers, owners, and operators managing residential portfolios.
Product overview
DepositCloud offers a single unified platform for modern deposit management in the multifamily housing sector. The core DepositCloud Platform manages cash deposits, installment plans, and security deposit alternatives through a unified system, while EasyPay by DepositCloud operates as a sub-brand for deposit account services. The platform provides automated move-out processing, a 50-state compliance engine, retroactive resident migration, and standardized portfolio-wide workflows. Both offerings are operated by DepositPal, LLC.
Differentiator
Problem solved
Functional benefit
Products and services
- DepositCloud Platform
- EasyPay by DepositCloud
Quantifiable outcome
- Hundreds of hours saved across portfolios
Companies that use DepositCloud
Customer profileSegments2 records
Ideal customer profiles1 record
DepositCloud technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
DepositCloud partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights4 records
DepositCloud competitors and assessment
Company assessmentBroad incumbents
- RealPage: Large PropTech platform providing comprehensive property management software to multifamily operators with the scale and integration footprint to absorb adjacent deposit-management workflows.
- Yardi: Dominant multifamily property management software incumbent serving enterprise portfolios; could bundle deposit-management functionality into its PMS suite, posing a competitive threat to DepositCloud.
- AppFolio: Cloud-based property management software platform serving residential and multifamily operators; comparable as an integrated PMS that could expand into deposit-management adjacent functionality.
- Buildium: Property management software provider for residential portfolios, comparable as a broader PMS alternative that could evolve deposit-management features into its platform offering.
Direct peers
- Jetty: Deposit alternatives and resident financial services platform for multifamily operators, directly competing with DepositCloud's deposit-management and installment-plan offerings for the same property manager buyer.
- Rhino: Security deposit insurance and deposit-alternative provider serving multifamily landlords with a comparable product set targeting security deposit replacement for renters.
- Obligo: Deposit-alternative platform offering open API integrations for property managers, overlapping with DepositCloud's unified deposit management and PMS integration approach.
- LeaseLock: Security deposit alternative platform for the multifamily industry, providing deposit replacement solutions to property owners and operators competing for the same resident-facing financial product category.
- TheGuarantors: Security deposit and lease guarantee solutions provider for residential and multifamily operators, overlapping with DepositCloud's deposit-alternative and resident affordability offerings.
- Second Nature: Deposit insurance and resident financial products platform for property managers, competing in the same deposit-alternative and resident-affordability category as DepositCloud.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
DepositCloud financial estimates
Financial estimateRevenue estimate
Valuation estimate
DepositCloud leadership team
Management profileNumber of profiles
Profiles5 records
DepositCloud funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DepositCloud M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DepositCloud
What does DepositCloud do?
DepositCloud operates a cloud-based SaaS platform that unifies security deposit management for the multifamily housing industry. The platform manages cash deposits, installment plans, and security deposit alternatives in a single system, with automated move-out processing, real-time compliance coverage across 50-state, county, city and zip jurisdictions, retroactive resident migration, and human-based customer service. It is sold as a subscription to property managers, owners, and operators managing residential portfolios.
Is DepositCloud a public or private company?
DepositCloud is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was DepositCloud founded?
DepositCloud was founded in 2017. It employs 11 to 50 people.
Where is DepositCloud based?
DepositCloud is headquartered in Everett, United States, in the North America region.
How does DepositCloud make money?
One revenue line is on record: deposit Management Platform Subscription.
Who are DepositCloud's main competitors?
Broad incumbents on record are RealPage, Yardi, AppFolio and Buildium. Direct peers are Jetty, Rhino, Obligo, LeaseLock, TheGuarantors and Second Nature.
Does DepositCloud have an API?
No public API is recorded for DepositCloud.
What industry is DepositCloud in?
DepositCloud's product category is Multifamily Property Management Software. Its primary akta.pro industry code is FSAMANAM, Stored Value Ledger / Wallet Infrastructure (Non-Bank), with a secondary code of FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure. Its NAICS code is 518 and its SIC code is 6199.