PayProp Capital

What PayProp Capital does

PayProp provides cloud-based rental property management software that automates rent collection, trust accounting, and reconciliation for letting agencies. Its platform combines real-time bank integration with automated trust accounting (marketed as 100% accurate), a tenant payment portal, arrears management via text and email reminders, maintenance ticketing, client communications, and portfolio-level reporting. The system is delivered through three role-specific portals: a Client Portal for rental agencies, a Tenant Portal for tenants paying rent, and an Owner Portal launched in 2025 that extends direct access to property owners. Underlying integrations include Averly for enhanced tenant profiles and rental risk management, Nexus for Making Tax Digital compliance, and Property Inspect for inspection, sale, and appraisal reports.

PayProp operates a sales-led, subscription-based business with quote-based pricing tied to portfolio size, supplemented by transaction fees on processed rent payments. The company reports R62 billion in annual transaction volume, 1,300+ rental agency customers in South Africa, and 2,500+ customers globally, with named enterprise relationships including Century 21, Harcourts, Seeff, Pam Golding Properties, RE/MAX, and Just Property. It maintains direct sales operations across South Africa, the United Kingdom, Canada, and the United States, and operates as a subsidiary of Reapit, a global property software platform, with leadership including Eduard Malan (Director), Faffa Knoetze (Director), and Johette Smuts (General Manager).

Name

PayProp Capital

Legal name

PayProp

Website

https://za.payprop.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

PayProp is a cloud-based rental property management platform that automates rent collection, trust accounting, and reconciliation for letting agencies across South Africa, the UK, Canada, and the US. Operating as a Reapit subsidiary, it serves over 2,500 customers processing R62bn annually.

Ownership category

akta.pro rank

Headquarters

HQ city

Stellenbosch

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Subscription / Platform Fees: Subscription-based pricing for property management software access. Transaction fees likely apply based on payment volume processed.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

PayProp provides a cloud-based rental property management software platform for residential letting agencies and property management businesses. The platform automates rent collection, real-time bank-integrated trust accounting, arrears management, maintenance ticketing, tenant payments via a dedicated portal, and portfolio reporting, and is sold primarily on a subscription basis with transaction-based fees on payments processed.

Product overview

PayProp offers a unified property management software platform for South Africa's rental market. The core product includes automated trust accounting, a tenant portal for rental payments, landlord services, arrears management with live text and email reminders, integrated maintenance management, client communications tools, portfolio reporting with arrears analytics, business continuity features with dynamic scaling, and security and compliance protections. The platform connects to third-party integrations including Averly for tenant screening, Nexus for Making Tax Digital compliance, and Property Inspect for inspection reports. PayProp serves agencies ranging from small businesses (up to 200 properties) to large enterprises (1,000+ properties).

Differentiator

Problem solved

Functional benefit

Brands

• PayProp Owner Portal: Early access portal for property owners to manage their rental portfolios
• PayProp Tenant Portal
• PayProp Client Portal

Products and services

• PayProp Property Management Software Cloud-based, end-to-end rental property management software that automates and safeguards rent collection, reconciliation, and payments for residential letting agents and property management businesses of all sizes.
• PayProp Owner Portal Dedicated portal that allows landlords and property owners to manage their rental investments and access portfolio information through their letting agency.
• PayProp Tenant Portal Dedicated portal that enables tenants of client letting agencies to make rental payments easily online.
• PayProp Client Portal Portal for rental agents and property management businesses to operate their agencies on the PayProp platform.
• PayProp Agency API Public REST API for agencies to integrate PayProp with their own systems and third-party tools, with documentation published on the UK PayProp portal.

Quantifiable outcome

• PayProp-powered agencies grow on average 20% year on year
• +3 more outcomes

Named customers16 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

One partnership is on record.

• ReapitcoreTechnology or IntegrationPayProp is part of the Reapit group of companies around the world. Reapit is a global property software platform.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• PropertyMe: Australia/NZ property management SaaS covering trust accounting and tenant payments. Comparable product-market fit and serving letting agencies in the southern hemisphere similar to PayProp's SA base.
• Arthur Online: UK-focused letting and property management SaaS with rent collection, payments, and trust accounting. Direct regional competitor with the same letting agency focus PayProp pursues in the UK.
• Console (Australia): Australian trust-accounting and property management platform for real estate agencies. Comparable product positioning within the letting agency vertical and trust accounting as PayProp's core workflow.
• AppFolio: Leading US vertical SaaS for property managers covering rent collection, tenant portals, accounting, and maintenance. Closest equivalent in product scope and target customer (mid-market property managers).
• Buildium: US-based property management SaaS for residential portfolios with rent collection, tenant screening, and accounting. Comparable SMB-focused product offering targeting the same letting/PM workloads.
• Reapit: Global property software platform for estate and letting agents and PayProp's parent company. Most directly comparable peer given overlapping CRM/agency-software functionality and shared customer base across the UK, AU, and beyond.

Emerging players

• TenantCloud: US SMB-focused property management SaaS with rent collection, accounting, and tenant portal. Targets independent landlords and smaller agencies, partially overlapping PayProp's SMB/200-property segment.
• RentRedi: US rent collection and landlord software with tenant payments and screening. Narrower product scope than PayProp but competing for landlord-side workflows, particularly as PayProp pushes its Owner Portal.

Broad incumbents

• MRI Software: Global proptech incumbent with property management, accounting, and payments modules for residential and commercial. Competes at the enterprise end of the letting/agency market PayProp serves.
• Yardi Systems: Established enterprise property management software suite with payment and accounting modules. Wider portfolio than PayProp but overlapping trust accounting and rent payment functionality for agencies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/payprop
• Facebookfacebook.com/payprop
• LinkedInlinkedin.com/company/payprop

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about PayProp Capital