RentRedi, which has a cloud-based system features that include rental property accounting, rent collection, tenant screening, applications, property marketing and listing, lease e-signing, and renters insurance, has acquired eRentPayment and PaymentReport.

"The acquisition results in an expansion of the RentRedi team, along with providing substantial growth to the company's subscribers base," according to the firm. "In addition, the deal provides eRentPayment customers with access to RentRedi's more robust feature set."

"This acquisition will enhance our technology and significantly grow our customer base, positioning RentRedi as an even bigger player in the PropTech space," said RentRedi co-founder and CEO Ryan Barone in prepared remarks.

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