How it works:
Set up your monthly payments
No more worrying about how to get your rent to your landlord every month. Just connect your checking account and tell us where your payment should go.
We’ll take care of paying your landlord
Once you’re set up, your landlord can sign up to receive your rent easily via an electronic deposit. Otherwise, we’ll mail your landlord a check drawn against your checking account.
We’ll keep you in the loop
Every month, we’ll send emails to let you and your landlord know when your rent’s on the way. You can stop your payments at anytime.
Those of you who rent, KNOW this is a brilliant product. I rent, and my landlords won’t accept Paypal or digital payments (which is annoying) — so I have to mail a check every month. My landlords aren’t alone.
Could this be the next acquisition for Zillow Group? Perhaps, but Cozy Pay is just the sort of differentiated approach (given they are building rental tenant profiles that show proof of payment) that the Zillow’s of the world will be hard pressed to replicate long term. Meaning Cozy actually has the product and execution chops to beat them in the rentals market. Only time will tell.
Well done, Cozy, well done. More entrepreneurs need to be executing at this level.