BREAKING PROPERTY NEWS – 12/12/2022
Daily bite-sized proptech and property news in partnership with Proptech-X.
Marlette Holdings Acquires Flexible Rent Platform Till, Expanding the Best Egg Suite of Financial Products
PRESS RELEASE: Marlette Holdings, Inc., a leading financial technology company that operates the Best Egg platform, today announced the acquisition of Till, Inc., a leading flexible rent platform. Till will be rebranded as Best Egg and incorporated into the Best Egg financial platform, providing customers with a unique payment flexibility tool to further increase their financial confidence.
Till’s flexible rent platform allows renters to personalize their rental payments, breaking each month’s payment into smaller, more affordable amounts that are paid throughout the month. Flexible rent transforms the entire renter experience with personalized payment schedules that empower renters to take control of when rent is paid to better align with their cash flow.
“Inflation in the U.S. is at a 40-year high, causing many Americans to make difficult decisions regarding their finances,” said Jeffrey Meiler, Founder and CEO of Marlette Holdings. “The acquisition of Till is coming at the right time – it is absolutely the right product to offer customers greater payment flexibility and ultimately make the significant expense of rent more manageable.”
“Best Egg provides simple solutions to help people with limited savings confidently navigate their everyday financial life,” said Meiler. “There are an estimated 48 million residential rental units in the U.S., and for many tenants, rent is their largest monthly expense. Being able to offer our customers this unique, personalized, and flexible approach toward their rental payments is just the start. The team at Till has deep experience in the rental real estate market, and we look forward to this new leadership team developing more innovative product offerings for the Best Egg portfolio.”
“When we founded Till in 2018, we knew there was a gap in the marketplace for this type of personalized, flexible payment support to renters,” said David Sullivan, Co-Founder and CEO of Till. “Flexible Rent empowers renters to take control of one of their largest, recurring expenses and avoid costly late fees while empowering them with a personalized experience. We are thrilled to leverage Best Egg’s scale, best-in-class technology, and funding capabilities to make flexible rent ubiquitous in the industry. Alongside Best Egg and our amazing partners, we will help millions of renters pay rent successfully every month.”
“The Till acquisition is an example of how we can leverage our strong financial position and capital markets expertise to scale innovative products,” said Andrew Deringer, Chief Capital Officer at Best Egg. “We will continue to look for strategic opportunities that create value for our customers as well as our shareholders.”
Yardi Recognised as a Leading Provider of Technology Solutions
PRESS RELEASE: Global real estate technology provider, Yardi®, won the silver award in the Service Excellence Category at the Retail Congress MENA Awards 2022. Yardi was also recognised as a leading provider of technology solutions for the retail and shopping centre markets.
The Service Excellence award is for Service Providers who demonstrated an unparalleled ability to succeed by providing the year’s best solutions, continually setting standards of excellence and implementing innovation throughout the industry.
The Yardi® Commercial Suite helps optimise retail centre management with its cloud-based, mobile solution for end-to-end retail management. Easily evaluate current and future occupancy with visual floor plan graphics, attract prospects, improve customer experience and gain better analytical insight from one source of truth.
With specific functionality to help manage the complexities of retail operations, such as speciality leasing, companies can mitigate risk and execute all property and financial operations with unrivalled business intelligence from a single connected solution.
“We’re excited to be recognised again for our Service Excellence in Retail Real Estate in the Middle East,” said Neal Gemassmer, vice president of international for Yardi. “Yardi prides itself on the innovation within its solutions, our growth in the Middle East and focus on customer experience continues to be an inspiration – well done team Yardi.”
The region’s largest retail & shopping centre event, Retail Congress MENA, offers shopping centre industry professionals and retailers the largest platform to connect, meet and learn from leading experts and solution providers. RECON MENA presented new insights, strategies and exciting innovation opportunities that reimagine the future of the retail and shopping experience. The conference took place on December 5 – 6 and in its 28th year, the theme for the 2022 conference was “Reborn.”
Andrew Stanton Executive Editor – moving property and proptech forward. PropTech-X
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