Press
WILMINGTON, Del., September 26, 2024 – Best Egg, a leading fintech that drives financial confidence, today announced that its Best Egg Flexible Rent product has been named “Residential Leasing Platform of the Year” in the 4th annual PropTech Breakthrough Awards. PropTech Breakthrough, a leading independent market intelligence organization, evaluates and recognizes standout real estate technology companies, products, and services worldwide. This is the second consecutive year Best Egg Flexible Rent has received this prestigious recognition.
Best Egg Flexible Rent is a product that allows qualified renters to split their monthly rent into multiple smaller payments on a schedule that fits their income and monthly cash flow while also building their credit. Property managers also benefit as it helps to ensure rent is paid on time, improving their cash flow over the month at no cost to them.
Best Egg Flexible Rent is fully embedded into established online payment portals, making it a one-stop solution for residents and a simple, zero-effort option for property managers. Best Egg partners with industry leaders such as AppFolio, MRI, Rent Manager, and Zego to offer Best Egg Flexible Rent to renter households across the U.S.
“Best Egg Flexible Rent has become an important tool for renters, offering them the flexibility to manage their budgets with a customized payment schedule that aligns with their individual needs,” said David Sullivan, Managing Director of Best Egg Flexible Rent. “Our product not only provides a more convenient option for renters to manage one of their largest monthly expenses, but it also improves the rent collection process for property managers without adding extra operational burdens.”
“Best Egg Flexible Rent is a mutually beneficial solution that supports both property managers and renters in managing their financial responsibilities,” said Bryan Vaughn, Managing Director of PropTech Breakthrthrough Awards. “This innovative tool creates a seamless experience for both renters and property managers. We’re thrilled to see how this product has expanded in the past year.”
####
About Best Egg
Best Egg is a leading fintech that drives financial confidence, providing flexible solutions to help people with limited savings adapt to their changing needs. Best Egg supports customers through a growing suite of personal loan, 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.
Best Egg Flexible Rent is issued by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. Equal Housing Lender. (C) 2024 Best Egg. All rights reserved.
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.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose
MEDIA CONTACTS:
Lisa Albiston, Head of Corporate Affairs
Best Egg
Elspeth Huyett, Senior Account Executive
Vault Communications
