Domuso

paymentsmobile/digital walletsoftware/whitelabel/apis-paymentsonline loans

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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About

Domuso is driving digital transformation for rent payments in the multifamily industry with a digital payment and communication platform to manage the entire resident lifecycle, from move-in to move-out. Domuso is the only payment provider capable of capturing 100 percent of a propertys receivables electronically while giving residents the flexibility to choose from multiple payment methods from any mobile device. Domuso removes paper payments from the leasing office by replacing money orders with the industrys only Online Certified payment method. Other Domuso innovations include a point-of-sale Installment Loan option, secure off-site cash payments in partnership with MoneyGram and the ability for residents to pay with a photo of their check using Mobile Check Pay. Three of the top 10 NMHC property management firms use Domuso because it improves financial performance, reduces business risk and streamlines operations. Domuso is privately held and headquartered in the heart of Silicon Beach in Santa Monica, California. For more information, visit domuso.com.

MEDICI Analysis

Domuso Inc. develops and commercializes mobile property management tools that offer modern payments and integrated online leasing services. It offers a SaaS-based payment and leasing platform designed for small multifamily portfolios.

Focus

PRODUCTS & SERVICES

Online Lease & Rental Application Services

REVENUE MODEL

Companygenerates revenue by charging application fee.

MAIN CLIENTS

Truamerica multifamily

Gelt inc

FPI Management

Cornerstone residential

AMC

Greystone

Skya ventures

Bascom

Bridge

Moss & company

People

FOUNDERS

Michael Lightfoot

Keith Wasserman

Damian Langere

BOARD MEMBERS AND ADVISORS

Daniel Bouganim

Thomas Shelton

David Kim

Timothy Li

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Adrian Goldstein

Alan Kau

Bryan Burkett

Danielle Lowy

David Kim

Envestnet Yodlee Incubator

Evan Rock

Joel Srour

Keith Wasserman

Leon Halperin

Marshall Wax

Marty Coren

Michael Lightfoot

Moonshots Capital

Moshe Shahaf

Noah Nudell

Paras Bahkta

Primer Sazze Partners

Roni Shrira

Sam Freshman

Steve Wasserman

KEY EMPLOYEES:

Damian Langere (CEO); Michael Lightfoot (COO)

Momentum

FUNDED

YES

TOTAL FUNDING

$8.9 M

DATE OF LAST FUNDING

Aug 2017

TOTAL FUNDING COMMENT

The company is planning to use the fund for expanding its technology, further development of data and risk management as well as integrations with additional rental payment providers(Aug 2017).

SEED & PRIOR FUNDING

$2.7 M

SEED CLOSED ON

Oct 2014

FUNDING SERIES

SERIES A  · $3.1 M  · Aug 2017

OTHERS  · $3.1 M · Aug 2017

LISTED

NO

COMMENT

Convertible Note: $1.5 M(Dec 016)

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