Photo - PayPadz
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PayPadz

Rent Protection for All

USA, California
Market: Financial services
Stage of the project: Operating business

Date of last change: 21.02.2022
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Idea

Paypadz is a rent protection platform that enables renters to have financial control when their rent is due. Our mission is to promote peace of mind inclusion, and financial wellness when it comes

Current Status

Relaunched in December of last year. 220+ members, on the market right now.

Market

44mm US renters population (TAM).

Problem or Opportunity

Paying rent based on healthy finances vs traditional way.

Solution (product or service)

Interest Free Cash Advance (we work with the members if necessary).

Competitors

Flex Finance (https://getflex.com)
Domuso (https://www.domuso.com)
Jetty (https://www.jetty.com/renters/jetty-rent)


Advantages or differentiators

1) Our competitors require property managers to opt in before the renter can use the service. We do not require this.

2) We focus on rent payment history, and real time transaction/income flow. Our
competitors focused on credit. We do not require this.

Finance

Fee based program. Minimum overhead.

Business model

Subscription based revenue model ($24.99 monthly fee).

Money will be spent on

Market expansion across USA & dedicated resources utilization (both funders are working at other companies while running PayPadz at the moment).

Offer for investor

Convertible equity stake to be discussed based on amount invested.

Risks

Renters not being able to pay back the money to PayPadz as expected (we work a payments plan as needed).

Incubation/Acceleration programs accomplishment

Bubble program

Won the competition and other awards

Won Bubble accelerator competition.

Invention/Patent

Websites & marketing messages.

Photos

Photo 1 - Rent Protection for All
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation