December 10, 2019 (ATLANTA) – KyckGlobal recently established new partnerships with leading rent payment platform operators Domuso and Dasmen Residential to streamline disbursements to multifamily property management firms. On behalf of the property aggregators, KyckGlobal will receive cash payments from more than 35,000 physical locations and then disburse aggregated electronic payments to the appropriate property management companies. Anticipated outcomes include accelerated transactions and reduced friction around cash rental payments. Roughly 22% of consumer rental payments in the United States are paid in cash, according to a 2016 report from the Federal Reserve Bank of Boston.
Domuso operates a ‘SaaS’ platform that streamlines multifamily property operations by managing payments and communication throughout the entire resident lifecycle. “Our partnership with KyckGlobal materially advances our strategy to increase Domuso’s value to our clients,” said Domuso Co-Founder Damian Langere. Dasmen Residential is a privately-held investment firm that owns and operates multi-family properties in major cities throughout the United States. “Cash rent payments have long been a point of high friction in property management,” said Sean Landsberg, vice president of operations at Dasmen Residential. “KyckGlobal addresses that friction, allowing Dasmen to maintain a laser focus on key strategies.”
KyckGlobal provides next-generation payouts that enable funding across a broad array of payment methods. KyckGlobal will augment the current services of both Domuso and Dasmen Residential by providing an array of global and real-time payment-related services, including simplified payee enrollment, streamlined operations, and accelerated ‘B-to-B’ disbursements. Domuso is headquartered in Santa Monica, CA; Dasmen Residential is based in Suffern NY. KyckGlobal’s headquarters are in Atlanta, GA.
“KyckGlobal was built precisely for verticals requiring fast and secure B2B and B2C payments,” said Ashish Bahl, CEO and founder of KyckGlobal. “Our unique payments array is a proven business accelerator, and we’re excited to make similar impact in real estate and property management.”
KyckGlobal helps companies streamline outgoing payments with a next-generation cloud-based platform that delivers a robust array of the most popular payment types – all with a single point of reconciliation. The KyckGlobal solution automates IRS compliance, promotes customer loyalty, and improves employee retention. Founded in 2018 by fintech executives and entrepreneurs, KyckGlobal is headquartered in Atlanta. For more information, visit www.kyckglobal.com.