“Can a vertical AP automation platform for property management become the payments rail for HOA/condo vendor spend across North America?”
Founded 2019 as CondoWorks, a niche AP automation tool for Ontario condo management. Expanded across Canada and the US into broader property management (HOA, commercial, residential) and rebranded to LeapAP in August 2024. The embedded finance angle is B2B AP payments — LeapAP moves money on behalf of property managers via its own Canadian MSB subsidiary CW Payments Inc., offering EFT/ACH, checks, and virtual card payouts to vendors.
LeapAP moves money over ACH.
LeapAP uses Persona and Equifax for KYC and identity verification.
LeapAP integrates with Yardi Voyager, Rent Manager, Buildium, Condo Manager, Shiftsuite, eUnify, QuickBooks Online, QuickBooks Desktop and 1 other.
The Embedded Finance Index 2026 maps 3 layers in LeapAP's stack: Money movement (ACH); KYC (Persona and Equifax); Accounting (Yardi Voyager, Rent Manager, Buildium, Condo Manager and 5 others).
LeapAP was founded by Erik Levinson and Braedon Hebert and is founded in 2019, headquartered in Toronto, Ontario, Canada.
LeapAP has raised $530K (disclosed seed) in total (latest round: Seed).
Get a read on where your own stack stands against LeapAP and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.