PayLease Recognized as one of the Nation’s Fastest-Growing Financial Services Companies by Inc. Magazine

SAN DIEGO, CA, August 23, 2012 – PayLease, LLC (www.paylease.com), a leading provider of electronic rent payments for the property management industry, today announced it has been featured in the Inc. 500|5000 list for the third consecutive year. The list, which showcases the fastest-growing privately held firms in the nation, ranked PayLease as number 35 in the financial services category. PayLease also ranked number 582 on the list overall. The company’s rankings were secured through an impressive 682% growth in revenue between 2008 and 2011.

“We are excited and humbled to earn a place on the Inc. list for the third consecutive year,” said PayLease CEO, Dave Dutch. “The Inc. 5000 list represents companies that thrived during the three worst economic years this country has seen in quite some time. Our presence on this list is a testament to the hard work of our employees and the innovative services PayLease brings to property management companies.”

To qualify for the list, companies were required to have minimum revenue of $100,000 in 2008, and $2 million in revenue in 2011. 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, 2011.

"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward.  Growth companies, not large corporations, are where the action is," says Inc. Editor Eric Schurenberg.

Complete results of the Inc. 500|5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000/list/2012/.

About PayLease, LLC

PayLease, LLC (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 rent payments and HOA 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. For more information, please visit www.PayLease.com.

Media Contact:

Ben Truehart                       
VP,  Marketing & Product Management
PayLease LLC    
858.500.4922     
btruehart@paylease.com