BOSTON, Jan. 27, 2022 /PRNewswire/ -- DepositLink,
the market leader in digital payments technology for the real
estate industry, reported dramatic growth for 2021. The
three-year-old start-up has partnered with giants like Compass,
eXp, and Douglas Elliman and
achieved greater than 100% growth in all key categories as the
demand for digital payments has exploded. Most notably, DepositLink
experienced 212% growth in new client contracts, 376% growth in
payment transactions, and 483% growth in the dollar amount of funds
transferred through the platform.
DepositLink achieved greater than 100% growth in all key categories
as the demand for digital payments has exploded.
"We are proud to start 2022 with tremendous momentum from 2021.
Our growth in new clients and the significant increase in adoption
of our platform validate the industry is yearning for digital
payments," said Jay Rooney, CEO, and
Founder of DepositLink. "Our current platform is a game-changer,
but the new features and integrations that we are releasing in 2022
will revolutionize how money moves in the real estate
business."
Meeting the Needs of Today's Consumers
The digital
payment landscape is growing steadily under consumers' demand for
options and functionality. It is reported that 82% of
Americans are using digital payment methods. The median age of a
new home buyer in 2021 was 33, making it imperative that the real
estate industry rises to the demand of its consumers.
DepositLink's platform allows buyers and renters to make
payments from anywhere and from any device with an internet
connection, in minutes. DepositLink's administrative functionality
enables accounting teams to track payments in real-time, generate
detailed reports, process refunds, and send and request commission
payments.
"Our industry is quickly adapting to change. Technology must
continually improve to keep up," said Rooney. "Productivity is top
of mind for agents, efficiency for brokers and title companies,
while consumers care most about security. Our technology serves all
these needs now, but that is just the beginning. We are on the cusp
of releasing enhancements in functionality and integrations to help
our partners continue to evolve with the industry."
About DepositLink
DepositLink is a mobile responsive
digital payments solution for real estate businesses. With
DepositLink, real estate and title companies can collect earnest
money deposits, send and request commission payments, issue
refunds, and request rental deposits digitally. Payments made on
DepositLink's platform deliver good funds through the ACH network
in less than one business day. www.depositlink.com
CONTACT:
Christina Kline
Director of Marketing
christina@depositlink.com
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SOURCE DepositLink