Zego
Also a provider — view Zego’s profile →“Can a rent-payments processor become the operating system for the entire multifamily property management lifecycle?”
Founded2003
HQSan Diego, California, United States
Total raised$2.5M (pre-acquisition)
Latest roundAcquired by Global Payments
IndustryVertical SaaS / Real Estate
The story
Founded in 2003 as PayLease, a bill-payment platform for property managers, the company rebranded to Zego in 2019 as it expanded from pure payments into a full property management automation suite (payments, utility billing, resident engagement). Acquired by Global Payments in 2021, Zego now operates as the real-estate vertical of Global Payments' integrated payments strategy — leveraging Global Payments' processing infrastructure to power rent collection, HOA dues, and resident payouts across 7,000+ property management companies.
Last 12 months
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Product timeline
2003
Founded as PayLease, LLC, focused on electronic payment processing for property management.· founding
2019
PayLease rebranded as Zego, expanding beyond payments into property management automation.· pivot
2021
Acquired Mobile Doorman, adding resident engagement app to portfolio.· acquisition
2021
Acquired by Global Payments to expand its integrated payments/software vertical strategy.· acquisition
Acquisitions
The stack
4 layers disclosed in Zego’s embedded-finance stack
Payments / PSP
Lending
in the full report
Open banking
in the full report
Accounting
in the full report
Accounting gap: none
9 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.