PropPay
- Company typePrivate
- Founded2021
- HeadquartersSydney, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
PropPay firmographics
Firmographics- Name
- PropPay
- Legal name
- PrePay Pty Ltd
- Website
- https://proppay.com.au
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Where PropPay is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
PropPay business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Lease Application Fees: One-time onboarding fees charged when a PropPay lease is approved and the landlord receives their rent advance. The fee is generally 2% of the funding required, with a minimum of $350.
- Monthly Service/Admin Fees: Recurring monthly fees charged on the full amount of rent paid in advance. Rates vary by product and customer, ranging from 0.65% to 0.825% per month. These fees accrue throughout the concurrent lease term and represent the primary ongoing revenue stream.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential Rent Advance: 85% of rent in advance for up to 2 years |
| Subscription | Monthly | Commercial Rent Advance: 75% of rent in advance for up to 3 years |
| One time/ perpetual license | Pay-as-you-go | Application Fee: 2% of funding required or $350 minimum |
| Subscription | Monthly | Monthly Admin Fee: 0.825% per month of advanced amount |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
PropPay product offering
Product offeringCore offering
PropPay provides rent-in-advance financial products to Australian property investors and landlords through a concurrent lease arrangement, where PropPay becomes a concurrent tenant alongside the existing tenant and pays the landlord a lump sum of rent upfront. The suite includes a Rental Cash Advance (up to 85% of rent for residential over 2 years; 75% for commercial over 3 years), a Rent on Time payment service, a Rent in Advance Draw Down facility, and a Rent Collection service.
Product overview
PropPay is a single-platform financial services provider for property investors, offering four integrated products that address different rental income needs. The core offering is the Rental Cash Advance, which provides lump-sum rent payments in advance (85% for residential up to 2 years, 75% for commercial up to 3 years) in exchange for PropPay collecting future tenant rent. This is complemented by the Rent in Advance Draw Down (a flexible draw-down facility), Rent on Time (ensuring scheduled rent payments), and Rental Collection (outsourced rent collection with multiple payment methods). All products operate through a concurrent lease arrangement where PropPay becomes a concurrent tenant alongside the existing tenant.
Differentiator
Problem solved
Functional benefit
Products and services
- PropPay Rental Cash Advance
- PropPay Rent on Time
- PropPay Rent in Advance Draw Down
- PropPay Rental Collection
Quantifiable outcome
- Landlords can receive 85% of annual rent in advance for residential properties (2-year term) or 75% for commercial properties (3-year term)
- +4 more outcomes
Companies that use PropPay
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
PropPay technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PropPay partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Real Estate AgentscoreReal estate agents represent a primary channel partner category for PropPay, referring property investor clients who need rent advance solutions. The concurrent lease model allows agents to offer alternative financing options when traditional bank lending is unsuitable.
- Finance BrokerscoreFinance brokers refer clients seeking alternative property financing solutions. The PropPay model provides an option for clients who cannot access traditional bank credit or prefer not to increase mortgage debt on their properties.
- AccountantsminorAccountants refer property investor clients who may benefit from accessing rental income in advance for tax planning or cash flow purposes.
- LawyersminorLegal professionals refer clients involved in property transactions or lease negotiations who may need rent advance solutions.
- Financial AdvisorsminorFinancial advisors incorporate PropPay's rent advance products into comprehensive wealth management and property investment strategies for clients.
Scale indicators1 record
Recent moves6 records
Expansion highlights4 records
PropPay competitors and assessment
Company assessmentMarket position
Weaknesses5 records
Competitive moat4 records
Customer concentration
PropPay social profiles
Digital presencePropPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
PropPay leadership team
Management profileNumber of profiles
Profiles5 records
PropPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PropPay 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 PropPay
What does PropPay do?
PropPay provides rent-in-advance financial products to Australian property investors and landlords through a concurrent lease arrangement, where PropPay becomes a concurrent tenant alongside the existing tenant and pays the landlord a lump sum of rent upfront. The suite includes a Rental Cash Advance (up to 85% of rent for residential over 2 years; 75% for commercial over 3 years), a Rent on Time payment service, a Rent in Advance Draw Down facility, and a Rent Collection service.
Is PropPay a public or private company?
PropPay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PropPay founded?
PropPay was founded in 2021. It employs 1 to 10 people.
Where is PropPay based?
PropPay is headquartered in Sydney, Australia, in the Oceania region.
How does PropPay make money?
Two revenue lines are on record. Lease Application Fees are the primary driver. The others are monthly Service/Admin Fees.
Does PropPay have an API?
No public API is recorded for PropPay.