Aareon, the real estate software provider that owns Fixflo, has entered into a strategic corporate partnership with Lettspay, the payments and automated client accounting engine.

Lettspay provides letting agents and property managers with the solution to automate rental payment reconciliation and streamline the whole rental process.

Aareon is the technology partner and driver of digital transformation to a number of firms across Europe and it hopes that its partnership with Lettspay will facilitate further growth in the private rental sector. Aareon’s technology businesses in the UK private rental sector include Fixflo and Arthur Online.

Already integrated with several PropTech CRMs, including OnTheMarket Software, The Letting Hub, Apex27 and Loop, and with several others under development, the partnership with Aareon comes swiftly on the heels of Lettspay’s recent announcement of an integrated client banking solution with Griffin Bank.

Rajeev Nayyar, UK managing director of Aareon, said: “Lettspay’s product offering of payments, digital client bank accounts and automation is complementary to that of Aareon. We are thrilled about the prospect of collaborating to achieve our shared objectives in delivering high quality, market leading services across the property sector.”

Garrett Foxon, CEO of Lettspay, added: “Our partnership with Aareon reinforces our position as the leading integrated payments, banking and client accounting solution for CRMs across the industry. Our delivery of seamless automation, payments and client accounting for customers deals with the stringent requirements of managing client accounts.“

“The payment sector has to date been under serviced by payment solutions and this new alliance demonstrates the quality of the Lettspay solution and its ability to partner with the largest Proptech organisations.

“We therefore welcome the opportunity to have Aareon on the team and are excited by what can be achieved in 2024 and beyond. Crucially, of course, how the partnership can help to save letting agents significant sums of money on their client accounting.”