Arlington, MA based provider of software tools that help banks serve real estate owners and property managers raised $6m of outside funding. The funding comes alongside ZSuite Technologies’ spin-out of Leader Bank, a $1.5b community bank.
As part of the spin-out, ZSuite Technologies will bring with it the popular ZRent and ZDeposit products created by Leader Bank’s product development division. Together ZRent and ZDeposit create a powerful platform for landlords and property managers to automate rent and condo payments, digitize security deposit account opening, and enable state-specific security deposit compliance. The founding executive team for ZSuite Technologies is a unique combination of fintech and banking executives. Fintech veterans Nathan Baumeister as CEO and Aaron Coleman as Chief Sales Officer, who both served as senior leaders at Austin-based Kasasa, are joined by Leader Bank’s former head of product development, Jessica Santana, as Chief Product Officer.