Quext and Rent Dynamics forge a partnership to help make banking and payments more accessible to mulitfamily residents without access to credit.
Rent Dynamics, a software and services company for the multifamily housing market, is integrating its technology with that of Quext, a smart building and property management platform.
Combining RentPlus’ credit reporting and financial services program and QuextPay’s digital banking and financial services platform will help US residents build long-term financial health while also benefiting property operators and owners by simplifying financial processes across properties.
Described as ‘the first-of-its-kind proptech/fintech solution tailor-made for multifamily properties’, the partnership will also deliver stakeholders opportunities for greater financial literacy, credit-building options, core banking services and added value to their multifamily portfolios.
Mike Wolber, chief revenue officer of Rent Dynamics, says: “We are incredibly excited to continue to deliver solutions to the multifamily industry with the goal of opening up a better financial future for residents. The partnership with Quext is a great fit for us as we share a joint commitment to being innovative and also doing good for the industry. ”
While, Dave Gilles, chief executive officer of Quext, adds: “With the shared belief that all residents should have access to the industry’s most innovative solutions, this partnership with Rent Dynamics was an easy one. We’re excited to work together to open the door of financial opportunity to residents that may benefit from it the most.”
RentPlus lets residents establish and build their credit by making on-time rental and utility payments. QuextPay furthers the offering by integrating its digital banking solution with RentPlus’ reporting capabilities.
Last year, Quext acquired Viva Equity, a digital banking and financial services company in order to revolutionise money movement in the proptech space. The company also recently launched its Quext IoT smart home solution following a beta installation in Texas.