Press
WILMINGTON, Del., August 10, 2023 – Best Egg, a leading fintech that provides flexible solutions to help people with limited savings confidently navigate their everyday financial life, today announced that its new Flexible Rent product has been named Residential Leasing Platform Of The Year in PropTech Breakthrough’s annual awards program. PropTech Breakthrough is a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products, and services around the globe. Best Egg Flexible Rent is part of Best Egg’s growing suite of products and tools that give people the flexibility they need to solve real-life financial challenges and be money confident.
Best Egg Flexible Rent, backed by the company’s best-in-class technology and funding capabilities, enhances both the renter and the property manager experience. For a small monthly fee, the platform offers customers the flexibility to pay their rent on a schedule that better aligns with their cash flow. Additionally, Flexible Rent ensures property managers that rent payments will be received on time and offers them an innovative and diversified approach to receiving rent that is appealing to renters who value financial flexibility. In 2023, Best Egg Flexible Rent announced three major partnerships with property management software and property technology companies. Best Egg Flexible Rent is embedded into their renter portals as an available payment option.
“Best Egg Flexible Rent is a solution that can offer peace of mind to renters and property managers to reduce the costs associated with late rent and evictions for the nearly 48 million residential rental units in the U.S.,” said David Sullivan, General Manager of Flexible Rent at Best Egg. “We’re proud to receive this recognition from PropTech Breakthrough. Widespread adoption of Best Egg Flexible Rent will change the way renters think about one of their largest monthly expenses, empowering them to take control of their finances and be money confident.”
“Best Egg Flexible Rent is revolutionizing the way both renters and property managers think about rent. This innovative service enhances both the renter and the property manager experience, and it breaks through as the logical choice for Residential Leasing Platform of the Year,” said Bryan Vaughn, Managing Director of PropTech Breakthrough Awards. “For many renters, rent is their largest monthly expense. Paying it in full on the first of the month can be a challenge for those whose pay schedules don’t align with their major expenses. Best Egg provides renters with a flexible solution to ensure their payments are on time and paid in full.”
The mission of the annual PropTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions, and products in the real estate technology industry today. This year’s program attracted more than 1,700 nominations from over 12 different countries throughout the world.
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About Best Egg
Best Egg is the leading financial confidence platform that provides flexible solutions to help people with limited savings confidently navigate their everyday financial lives. Best Egg supports customers through a growing suite of personal loans, credit cards, flexible rent, and financial health tools. Leveraging real-time customer insights and data engineering, Best Egg gives more people access to the resources they need to be money confident. For more information, visit www.bestegg.com.
About PropTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the PropTech Breakthrough Awards program is devoted to honoring excellence in technologies, services, companies, and products that empower remote work and distributed teams around the globe. The PropTech Breakthrough Awards program provides a forum for public recognition around the achievements of technology companies and solutions in categories including messaging & communication, project management, virtual events, team collaboration, virtual offices, collaborative design, and more. For more information visit PropTechBreakthrough.com.
MEDIA CONTACTS:
Lisa Albiston, Sr. Director, PR
Best Egg
Libby Burgoyne, Account Executive
Vault Communications