Zego
AcquiredTechstars '17Kansas City, US · Founded 2003 · 324 employees on LinkedIn · 6 known investors
Zego is a US property management and resident experience software company acquired by Global Payments in 2021.
Also known as PayLease · Zego (Powered by PayLease)
Investors · 6
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Also in the syndicate · 2
Funding
SEC filings, press & company announcements$28M disclosed across 1 round · 2026
- $28MraisedApr 2026 · 2 sources
Sompo Holdings, Sompo Holdings, Inc.
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Zego, previously operating as PayLease and branded "Zego (Powered by PayLease)", is a real estate technology company that sells workflow automation and resident experience management software to property management companies and community associations, primarily in the United States. Its cloud-native SaaS platform covers the residential real estate lifecycle, including leasing and onboarding, one-time and recurring rent and homeowner-dues payments, work orders, utility management (accounts payable, resident statements, RUBS and submeter billing), resident communications, renewals, and offboarding. A resident-facing mobile app allows self-service of routine tasks, while integrations with property management accounting systems feed data back into the operator's back-end system.
The product set is positioned across portfolio types including traditional multifamily, single family, HOA/community associations, student housing, manufactured housing, build-to-rent, and corporate housing. Zego markets differentiated support (24x7x365 resident support, client success managers, four-time Stevie Award winner for client support) and security controls including an annual SSAE18 review, PCI Level 1 compliance, and 256-bit encryption for sensitive data. The company also publishes industry research, such as an annual Resident Experience Management report drawing on surveys of renters and multifamily companies.
Zego was acquired by Global Payments Inc. (NYSE: GPN) from Vista Equity Partners under an agreement announced in May 2021. Global Payments described the deal as extending its software leadership into the real estate vertical, a target addressable market it sized at $6.5 billion. Zego continues to operate under its own brand at gozego.com.
Business model
Zego sells software to property management companies, property owners, and homeowner/community associations, combining SaaS workflow automation with integrated payment processing. Pricing is not published; the website directs prospects to request pricing.
Sources indicate a combination of software for property management operators and an integrated payments offering through which Zego facilitates approximately $30 billion in payments annually; specific pricing or revenue figures are not disclosed in the sources.
Traction
Over 7,000 property management customers representing more than 11 million US residential units, and approximately $30 billion in payments facilitated annually as of the May 2021 acquisition announcement; the company's website continues to cite 7,000+ management companies and 20+ years of operation.
Latest developments
Zego continues to operate under its own brand, publishing a 2026 Resident Experience Management Report based on feedback from over 1,000 renters and 600 multifamily companies, building on six years of prior property manager surveys.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Described by acquirer Global Payments as an established, major player in real estate technology, with over 7,000 property management customers representing more than 11 million residential units in the United States and roughly $30 billion in annual payments volume in a market Global Payments says exceeds $1 trillion in volume opportunity.
Zego emphasizes breadth of property management system integrations built over about two decades, a consolidated platform spanning payments, utilities, communications and on-site workflows, service and support (four-time Stevie Award winner for client support, 24x7x365 resident support), and enterprise-grade security and compliance.
Technology
A cloud-native SaaS platform with a resident mobile app, integrations with property management accounting systems built over roughly 20 years, digital payment acceptance across in-person and online channels, utility invoicing and billing automation (RUBS and submeter methodologies), work order and renewal workflows, and smart device support. Security measures cited include annual SSAE18 review, PCI Level 1 compliance, and 256-bit encryption.
Go-to-market
Direct enterprise sales to property management companies and associations, with pricing provided on request; supported by client success managers, 24x7x365 resident support, and content marketing such as industry research reports and eBooks.
Property management companies and on-site staff, property owners, and homeowner/community associations across multifamily, single family, HOA, student housing, manufactured housing, build-to-rent, and corporate housing portfolios, plus their residents as end users.
Geography
Operations and customers primarily in the United States; following the Global Payments acquisition, the parties noted the possibility of international expansion leveraging Global Payments' presence in over 100 countries.
History
The company operated as PayLease and later rebranded to Zego, marketing itself as a market leader in the real estate space for over 18 years as of 2021 and 20+ years as of its current website. It was owned by Vista Equity Partners prior to being acquired by Global Payments Inc. under an agreement announced 4 May 2021, valued at $925 million in cash including a tax asset (approximately $830 million net), with closing expected by the end of Q2 2021.
Risks & controversies
The Global Payments press release lists customary transaction-related risk factors, including integration difficulties, regulatory approval and closing conditions, potential business disruption affecting customer and partner relationships, and retention of key personnel. No other controversies are documented in the sources.
Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 1
launches, deals, and filingsGlobal Payments Inc. (NYSE: GPN) announced an agreement to acquire Zego from Vista Equity Partners in an all-cash transaction valued at $925 million inclusive of a tax asset (effective purchase price approximately $830 million net of the tax asset), financed with existing credit facility and cash on hand, expected to close by the end of Q2 2021. Zego's blog later confirmed the acquisition had officially occurred.
$925M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 4
primary sources listed
- Property Management Software | Zegogozego.com · web
4 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Zego do?
- Zego is a US property management and resident experience software company acquired by Global Payments in 2021.
- Who are Zego's investors?
- Zego's investors include Techstars, DST Global, General Catalyst, LocalGlobe.
- How much funding has Zego raised?
- Zego has disclosed $28M raised across 1 round.
- Where is Zego headquartered?
- Zego is headquartered in Kansas City, US.