It's validation that were taken serious by the players in the industry, we have worked with MRI Software to ensure our product integrates with their CRM and we are certified solutions partner for any agent looking to offload the task of managing rental inflows, this exposes us to >4000 agents with underlying trust that MRI has vetted our product.
The Mastercard partnership is important also as they implement the latest technology in secure payments they have agreed to help fund advertising both our products, the reality is we are handling >$50M a quarter with ~9K customers, this makes up < 0.5% of the market and as this grows so should our presence in the space.
Moving forward, the company is planning to release more payment options and rewards this quarter both should incentivise customers to join and provide a higher ARPU for us, Greg said the estimation for break even with customer numbers this would have been based on current ARPU so every $1 could reduce our break even target significantly.
They have a natural sales lead when an agency has >3 tenants using RentPay and I am sure they will be hitting it pretty hard now that we have the validation of Mastercard and MRI Software.
I am watching web statistics to see us overtake our nearest competitors, I don't think it will be too much longer as they have horrible reputations from the customer reviews I have read.
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