The company started in 2005 when CEO Eric Remer and co-founder Allen Wolff, owning a business that published ads for property managers, posed a question to their clients, “How can I make your life easier?”. The answer they received was unanimous: Find a way to collect rent easier. Like so many businesses in the service sector, they were spending far too much time waiting for payments and reconciling books.
While researching a solution, Eric and Allen found that most products for small businesses were just truncated versions of big business offerings and were not a great fit. Seeing an opportunity to fill a gap in the marketplace, the idea for PaySimple was born.