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REI Tech

PayPal + Facebook = Venmo

Looking for ways to simplify payment transactions?

Working in the real estate industry means dealing with numerous daily payment transactions – paying contractors, wholesalers, receiving rent payments – whatever the reason may be, it’s super convenient to do all these payment exchanges online.

Aside from the convenience, transacting online:

  • Saves precious time and effort in accepting recurring payments online rather than through check or money order
  • Keeps track of all your transactions and expenses since everything is organized and readily available for review online
  • Is usually easy and user-friendly
  • Lessens the risk of losing paper checks and money
  • Can be very low (or no) cost to have all this convenience

Knowing the hassle of payment transactions, two former roommates aimed to solve the problem.

Iqram Magdon-Ismail and Andrew Kortina founded a text message-based payment app in 2009 because they were inconvenienced with constantly writing checks or cashing…


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