History

PropertyBridge was founded in 2003 by a diverse group of financial services, technology, marketing and real estate professionals. The company launched its first payment processing solutions for property management firms in 2004. Claremont Creek Ventures and an elite group of real estate industry investors provided initial funding.

Focused on its core philosophy of convenience, compliance and security, PropertyBridge quickly established itself as the leading provider of electronic payment processing services for the real estate management industry.

The inherent flexibility in the PropertyBridge Payments Platform led to the inclusion of an unprecedented number of payment options for managers and owners of multifamily communities. Payment types include credit/debit card, ACH (automated clearing house), cash, and check scanning. Property managers can also enable their residents to pay their rent and other lease-related payments online, onsite, in-store or over the phone.

The strong growth experienced by PropertyBridge has been powered partly by a growing recognition of the time, money and labor savings offered by automated payments in general. More specifically, the PropertyBridge Payments Platform has emerged as the solution of choice for large property management firms that require robust, multi-faceted payments solutions that allow them to tailor their payments approach to the demographics and social patterns of their resident base.

The benefits provided by the PropertyBridge Payments Platform to larger multifamily industry firms have quickly been adopted by medium and smaller organizations, providing the company with a diverse customer base across the United States, serving millions of residents.

MoneyGram International, Inc. acquired PropertyBridge in October 2007. The company remains headquartered in Oakland, California, with additional offices in Tampa, Florida, and Dallas, Texas.