PayProp UK Limited
PayProp UK Limited builds cloud-based, bank-integrated property management and rent-collection software for UK letting agencies, automating trust accounting, reconciliation, arrears and payments across 1,300+ UK customers.
- Company typePrivate
- Founded2004
- HeadquartersLondon, United Kingdom
- Headcount—
- GTM typeB2B
- OfferingSoftware
What PayProp UK Limited does
PayProp UK Limited is a UK private company, founded in 2004 and headquartered in London, that builds cloud-based property-management and rental-payment software for residential letting agencies. The platform automates rent collection, real-time bank reconciliation and trust (client money) accounting, and bundles tenant and landlord portals, arrears management, maintenance ticketing, reporting and client communications into a single SaaS product. Core technology is bank-integrated software with sub-ledger accuracy across client accounts, designed to satisfy UK client money protection and Making Tax Digital compliance requirements; integrations include Reapit, Xero, QuickBooks and Nexus (Landlord Studio). The company segments its addressable market into three tiers by managed property count — small businesses up to 200 properties, mid-market 201-999, and enterprise 1,000+ — and sells through a sales-led motion combining inside sales for SMB, enterprise field sales for large portfolios, and channel partnerships with franchise groups and the Propertymark trade body. The business runs as a recurring subscription with monthly billing and tiered pricing (not publicly disclosed), serves 1,300+ UK letting agencies and 2,500+ customers globally, and processes £2.6bn in rent annually across the UK, Canada, South Africa and the United States. Public sources include the PayProp Rental Index and State of the Rental Industry Survey; revenue, funding, ownership and headcount are not disclosed in the available material.
PayProp UK Limited firmographics
Firmographics- Name
- PayProp UK Limited
- Legal name
- PayProp UK Limited
- Website
- https://payprop.co.uk
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Short description
- PayProp UK Limited builds cloud-based, bank-integrated property management and rent-collection software for UK letting agencies, automating trust accounting, reconciliation, arrears and payments across 1,300+ UK customers.
- Ownership category
- akta.pro rank
PayProp UK Limited industry classification
Industry- Product category
- Property Management Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- akta.pro primary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
- akta.pro secondary industries
- Request-to-Pay (R2P) & Pay Links (FSAMAFAE), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
Keywords
Where PayProp UK Limited is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
PayProp UK Limited business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Property Management Software Subscription: Subscription-based pricing for property management software providing automated trust accounting, tenant portal, and payment processing. Tiered by property count to serve businesses of different sizes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Small business tier for agencies managing up to 200 properties |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
PayProp UK Limited product offering
Product offeringCore offering
PayProp UK Limited provides a cloud-based, bank-integrated property management and rental payment platform for residential letting agencies. The platform automates rent collection, real-time reconciliation, and trust/client accounting at portfolio scale, and is offered in tiers aligned to agencies managing up to 200 properties, 201–999 properties, and 1,000+ properties. It supports tenant payments, arrears management, maintenance ticketing, landlord/owner reporting, and integrates with Reapit, Xero, QuickBooks, and Nexus for Making Tax Digital compliance.
Product overview
PayProp offers a unified property management software platform for letting agents that integrates multiple modules including automated trust accounting, tenant and landlord portals, arrears management, maintenance tracking, reporting, and client communications. The core platform automates rental payment collection, reconciliation, and payments in real-time. PayProp serves agencies of different sizes (small businesses up to 200 properties, medium businesses 201-999 properties, and large businesses with more than 1,000 properties) through a single SaaS platform with multiple access portals (Client Portal, Tenant Portal, Partner Portal, Owner Portal). The company also publishes industry research through the PayProp Rental Index and State of the Rental Industry Survey.
Differentiator
Problem solved
Functional benefit
Products and services
- PayProp Property Management Software The UK's leading cloud-based property management software and rental payment platform for letting agencies, automating rent collection, reconciliation, trust/client accounting, arrears management, maintenance ticketing, and landlord/tenant communications from end to end. Offered in tiers aligned to agencies managing up to 200 properties, 201–999 properties, and 1,000+ properties.
- PayProp Owner Portal Live landlord-facing portal that allows property owners to track their property portfolio, view statements, and monitor rental income in real time. Currently in early-access rollout (LIVE in 2025) with a register-interest intake.
Quantifiable outcome
- PayProp-powered agencies grow on average 20% year on year
- +5 more outcomes
Companies that use PayProp UK Limited
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles3 records
PayProp UK Limited technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature8 records
PayProp UK Limited partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, flagship and minor.
- ReapitcoreReapit integration partnership enabling PayProp to connect with Reapit's property management software ecosystem. This allows agencies using Reapit to access PayProp's automated trust accounting and rental payment capabilities.
- Nexus (Landlord Studio)coreMaking Tax Digital integration partnership with Nexus by Landlord Studio. Property income and expenses flow securely from PayProp into Nexus, giving landlords everything they need for MTD reporting compliance.
- XerocoreAccounting software integration allowing seamless data flow between PayProp and Xero for property management businesses.
- QuickBookscoreQuickBooks integration for accounting connectivity with PayProp's property management platform.
- PropertymarkflagshipStrategic partnership with Propertymark, the UK's leading body for letting agents. Provides industry recognition and credibility through association with the professional body.
- SeeffminorGlobal real estate brand Seeff uses PayProp for rental payment processing and property management automation.
- Century 21minorInternational real estate franchise Century 21 uses PayProp for payment processing.
- Pam Golding PropertiesminorSouth African property group Pam Golding Properties integrated with PayProp.
- HarcourtsminorInternational real estate franchise Harcourts uses PayProp for rental management.
- RE/MAXminorGlobal real estate franchise RE/MAX utilizes PayProp for property management automation.
Scale indicators7 records
Recent moves6 records
Expansion highlights4 records
PayProp UK Limited competitors and assessment
Company assessmentDirect peers
- Arthur Online: UK cloud-based property management software for letting agents and landlords with rent collection, accounting, and maintenance features. Closely comparable feature set to PayProp in the UK SMB letting agent segment.
- TenantCloud: Cloud-based property management platform offering rent collection, tenant screening, maintenance, and accounting. Comparable SMB-focused feature set to PayProp, primarily serving US landlords and small property managers.
- Rentec Direct: Property management software for landlords and property managers with online payments, tenant tracking, and accounting. Functionally similar to PayProp at the SMB segment in the US market.
- Goodlord: UK-based end-to-end platform for letting agents covering referencing, tenancy setup, and rent collection. Directly competes with PayProp in the UK letting agent vertical with overlapping payment and onboarding workflows.
- RentRedi: Property management software with online rent payments, tenant screening, and maintenance for landlords and small managers. Functionally comparable to PayProp's landlord-facing workflows.
Broad incumbents
- MRI Software: Large global provider of property management software across residential and commercial real estate. Overlaps with PayProp in rent processing and landlord accounting as part of a much broader real estate software portfolio.
- Yardi: Global property management software incumbent serving residential, commercial, and public housing operators. Competes with PayProp's rent processing and trust accounting capabilities but as one module within a much larger platform.
- AppFolio: US-listed property management SaaS provider with online rent payment, accounting, and tenant communication features. Comparable in core functionality but operates at much larger scale and across broader property types.
- Buildium: Property management software for residential portfolios with rent collection, tenant screening, and accounting. Overlaps with PayProp on payment processing and reconciliation workflows for residential landlords and managers.
Regional players
- Console: Australian property management SaaS with trust accounting, rent processing, and tenant communications. Comparable product architecture to PayProp but operates exclusively in the Australian market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PayProp UK Limited social profiles
Digital presencePayProp UK Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayProp UK Limited leadership team
Management profileNumber of profiles
Profiles1 record
PayProp UK Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayProp UK Limited 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 PayProp UK Limited
What does PayProp UK Limited do?
PayProp UK Limited provides a cloud-based, bank-integrated property management and rental payment platform for residential letting agencies. The platform automates rent collection, real-time reconciliation, and trust/client accounting at portfolio scale, and is offered in tiers aligned to agencies managing up to 200 properties, 201–999 properties, and 1,000+ properties. It supports tenant payments, arrears management, maintenance ticketing, landlord/owner reporting, and integrates with Reapit, Xero, QuickBooks, and Nexus for Making Tax Digital compliance.
Is PayProp UK Limited a public or private company?
PayProp UK Limited is a private company. It is classified as unknown and is currently operating.
When was PayProp UK Limited founded?
PayProp UK Limited was founded in 2004.
Where is PayProp UK Limited based?
PayProp UK Limited is headquartered in London, United Kingdom, in the Europe region.
How does PayProp UK Limited make money?
One revenue line is on record: property Management Software Subscription.
Who are PayProp UK Limited's main competitors?
Direct peers on record are Arthur Online, TenantCloud, Rentec Direct, Goodlord and RentRedi. Broad incumbents are MRI Software, Yardi, AppFolio and Buildium. Console is listed as a regional player.
Does PayProp UK Limited have an API?
Yes. PayProp offers an API for agencies. The API documentation is available at https://uk.payprop.com/api/docs/agency. The source mentions 'API' as a navigation link in the footer, indicating a developer-facing API exists for agency integrations. Developer documentation is at uk.payprop.com/api/docs/agency.
What industry is PayProp UK Limited in?
PayProp UK Limited's product category is Property Management Software. Its primary akta.pro industry code is BPAMAFAF, Bill Pay, Invoicing & Payables Platforms, with a secondary code of FSAMAFAE, Request-to-Pay (R2P) & Pay Links. Its NAICS code is 522320.