PayProp Strengths, Domain Expertise, and Key Differentiators
PayProp’s core strength lies in its deep vertical specialization within the lettings industry, delivering a highly tailored and intelligent cloud-based payment and reconciliation platform.PayProp’s ability to simplify complex financial processes while delivering data-driven decision-making tools empowers property professionals to optimize operations and enhance compliance.
PayProp Recent Developments
PayProp introduced the latest version of its payment platform, combining cutting-edge technology with the established business benefits synonymous with the South African market leader. Central to PayProp's mission is facilitating global property professionals in maximizing productivity and enhancing their overall quality of life.
The updated platform incorporates assistive devices and technology, ensuring inclusivity for all users. The PayProp team prioritized a consistent platform interface, simplifying the user experience. This was achieved through the creation of reusable components, fostering quicker mastery for new users and intuitive understanding for existing ones.
Additionally, these components contribute to a scalable platform, seamlessly adapting to various devices, including widescreen monitors and phones, while maintaining optimal size and formatting across orientations.
PayProp Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PayProp applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of PayProp and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PayProp customers.
PayProp Overview
44 London Road, Sevenoaks
Kent, x, TN13 1AS, United Kingdom
44 20 3740-7614
https://www.payprop.com/
Ownership: - African Rainbow Capital, Naspers
Number of Employees: 42
Functional Markets: ERP Financial, ERP Services and Operations,
Key Verticals: Construction and Real Estate,
PayProp Key Enterprise and Cloud Applications
PayProp
PayProp Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
PayProp Revenue Breakdown By Type, $M:
PayProp Enterprise Applications Revenues By Functional Markets, $M:
PayProp Enterprise Applications Revenues By Verticals, $M:
PayProp Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
PayProp Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
PayProp Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified PayProp Customers
No. of PayProp Customers: 2500
No. of PayProp Enterprise Applications Customers:
No. of PayProp Cloud Customers: x
No. of PayProp Cloud Subscribers: x
Property managers are using PayProp to grow their rental portfolios and deliver payments that are trusted, automated, easy to use and affordable.
Among its customers are: New Forest Rentals, Woodfield Lettings, Lynks Estate Agents, AGS Lettings, Wrexrent, Lime Property, Securelets, Laing Bennett Estate Agents, and others.
PayProp Market Opportunities, M&A and Geo Expansions
PayProp is well-positioned to capitalize on significant growth opportunities through geographic expansion, particularly in emerging markets where the lettings industry is rapidly evolving. By forming strategic partnerships with local players and pursuing technology integrations, PayProp can effectively tailor its offerings to regional needs while accelerating market penetration.
PayProp Risks and Challenges
PayProp faces potential headwinds tied to the rapid pace of technological change, which demands ongoing innovation and platform evolution to meet shifting client expectations and operational demands.
PayProp Ecosystem, Partners, Resellers and SI
PayProp partnered with NARPM (National Association of Residential Property Managers). NARPM is the marquee trade organization for property managers and the residential property management industry.
PayProp has demonstrated its commitment to enhancing its ecosystem through strategic partnerships and technology integrations. Its collaboration with Fixflo, the UK's property repair reporting platform, showcases the company's ability to leverage complementary technologies to enhance its platform's value proposition.
Moreover, PayProp's ecosystem partnerships with system integrators and value-added resellers contribute to network effects, extending its reach and creating a more holistic offering for clients.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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