PaySimple Garners $16,000,000 New Financing

  • Feed Type
  • Date
    10/3/2011
  • Company Name
    PaySimple
  • Mailing Address
    1433 17th St Denver, CO 80202
  • Company Description
    It all started on a balmy Spring day in 2005. Looking at the multi-family housing market, serial entrepreneurs Eric Remer (CEO) and Allen Wolff (Co-founder & CFO) saw a critical need to help property managers and owners automate the collection of monthly rent payments. With existing distribution to the multi-family housing community from their current company, Eric and Allen believed they could create a compelling business and value proposition within the electronic payment space for recurring rent collection. So, they set out to find a solution for these property managers and owners.
  • Website
    http://www.paysimple.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $16,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Our investment of growth capital will also support PaySimple in its mission to deliver outstanding service levels to its customers while meeting the unprecedented demand from large enterprises to provide custom-branded solutions to their small business customers.
  • M&A Terms
  • Venture Investor
    Susquehanna Growth Equity

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