Getmomo

Getmomo operates a modular banking platform built for property management companies, real estate firms and investors in Germany. Its product set covers rental deposit accounts (Kautionskonten), WEG accounts for homeowners' association house-money and reserve management, rent accounts for rental and special-property (SE) management, and a WEG loan portal that gives property managers and homeowners' associations access to financing. Rental deposits are held as a collection of virtual escrow/trust accounts (Treuhandsammelkonto) opened in the name of the landlord or property manager at an account-holding credit institution, segregated from the landlord's other assets, with statutory deposit protection of up to EUR 100,000 per tenant and interest set by the account-holding bank. The platform digitises the creation of tenancies, automated allocation of incoming payments including instalments, billing and move-out processes, tenant interest and tax certificates, and account statements. Payouts are prepared on the platform and delivered as EBICS payment files for authorisation in the customer's banking software such as StarMoney or SFirm [0][1][2][3].

Getmomo is not a bank; account and payment services are provided by banking-as-a-service partner Swan SA, a regulated e-money institution based in France with a German branch, and accounts brokered by Getmomo carry a EUR 100,000 deposit guarantee per account relationship. Owner accounts can be opened fully digitally for natural persons, legal entities and WEGs, with opening times stated as 3-24 hours for individuals and 24-48 hours for legal entities and WEGs; powers of attorney for the property manager are issued at account opening and an unlimited number of virtual sub-accounts (virtual IBANs) can be created per main account at no extra fee. The platform integrates into existing ERP systems, for example DOMUS via the fluks interface, to link rent accounts, open deposit accounts, synchronise balances and supply certificates and statements without a system change [0][1][3].

Earlier positioning described Getmomo as a vertical payment platform for real estate with two core products: Momo Pay, for raising, processing and receiving monthly rent payments with flexible tenant payment schedules, and Momo Deposit, a no-deposit protection product covering up to three months of rent for landlords with payout within 48 hours, funded by a small percentage increase in annual rent instead of an upfront cash deposit. Getmomo is currently not issuing new deposit guarantees; existing guarantees remain in force and continue to be managed on the platform for approvals and claims [4][5][7].