PayLease, an online service provider that streamlines the process of lease collection, today announced they have been named to the prominent Inc. 500 list for the first time. PayLease ranked 494th on the list of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. In addition to the Inc. 500 recognition, PayLease ranked in the 2010 Red Herring 100 in North America and the San Diego Business Journal’s annual list of Fastest Growing Private Companies.
PayLease is a payment processing company with a specific target market in the property management industry including residential, homeowner association and commercial management clients. The company currently processes payments for over 1100 property management companies throughout the US ranging in unit size from 100 to over 1.2 million units while maintaining 95 percent client retention.
“We are thrilled to be included in the Inc. 500 list of fastest-growing companies,” said Ty Kalklosch, co-founder of PayLease. “Inclusion on the prestigious list is a testament to our never-ending effort to simplify online transactions in the real estate property management industry. We are proud to share our accomplishments with the business community and look forward to continued success.”
The 2010 Inc. 500 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
PayLease (www.paylease.com) is a leading electronic payments provider for the property management industry, specifically targeting the multifamily, single family, HOA and commercial markets. PayLease provides property managers the ability to accept and manage resident payments through a secure online interface. With PayLease, residents are able to pay their property manager using an E-check or with a credit card. Since its inception in 2003, PayLease has grown to serve thousands of property management companies nationwide and is among the fastest growing technology companies in the United States. PayLease has been consecutively featured in The Inc. 500 List and Red Herring’s Top 100 Technology Startups. For more information, please visit www.paylease.com.