24 June 2019, Melbourne | Rental management platform Cubbi launches Australia’s first instant rental payment solution, spearheading, what is the first of a line of improvements and launches aiming to bring an even better rental experience for owners and tenants, seriously challenging traditional rental agencies.
Cubbi’s co-founder and co-CEO, Jason Gilbert says:
"Up until recently, there hasn’t been enough innovation in the rental proptech sector. We have seen a lot of will to challenge but most of the offering has been focused on being different through taking property management online, rather than offering something better, we are putting full focus on the issues owners and tenants face in the current renting landscape in Australia."
The new Instant Payments feature, a seemingly small feat is, in fact, one of the biggest bottlenecks in ensuring on-time rental payments. Most payment methods deduct instantly but can spend a few days in a vacuum while they are being cleared, leaving very little visibility to owners and tenants. Cubbi’s Instant Payments is powered by the New Payments Platform (NPP), using the latest technology to ensure the tenants rent payments are paid on-time and land in the owner's bank account within one minute. This means that Cubbi is now the first rental management solution where rent is received, reconciled automatically and paid to owners instantly - no more human intervention or traditional means of using a trust account that can delay payments by several days.
With Instant Payments leading the launch, a cluster of other innovative features are being unveiled, such as intuitive payment options - meaning Cubbi automatically recommends best payment options based on paid dates. Real-time payment tracking - allowing owners and tenants to see where in the process their money is, giving them a frictionless and transparent experience.
Cubbi’s co-founder and co-CEO Jason Gilbert goes on to say:
"With a constant focus on ‘a better renting experience’, through closely listening to our tenants and owners, letting them direct how we develop the service and experience, we’re extremely excited to see the reactions of our users as we unfold this year's impressive feature launch pipeline."
Cubbi Pty Lld
Cubbi was founded by former real estate agent and property manager Michael Gilbert and business and marketing strategist Jason Gilbert to solve a key problem: allowing landlords and tenants who are fed up with the typical property process to bypass agents and work online.
Now, Cubbi allows both parties to connect with an online platform that automates the entire property process and takes the hassle away from everyone – Cubbi even draws up leases, collects rent and handles inspections, bringing transparency and reliability to a process that previously kept tenants and landlords in the dark.
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