# PayHOA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payhoa

- Industry: Semiconductors
- Headquarters: Lexington, US
- Website: www.payhoa.com/
- Total disclosed funding: $28M
- Latest round: Series A (Apr 17, 2024)
- Investors on record: 1

## About

Founded in 2018 and based in Kentucky, PayHOA, LLC, is a company that offers an all-in-one software platform designed specifically for HOA (Homeowner's Association) management. The company was founded by its CEO, Mike Bollinger. In April 2024, PayHOA, LLC, raised USD 27.50 million in venture funding from investors.

The company provides all-in-one association management software designed to streamline the operations of homeowner associations (HOAs) and community management that revolves around financial management, communication tools, and streamlined administrative processes. In terms of financial management, PayHOA simplifies invoicing and payments. Homeowners can pay dues, fees, fines, and late fees online, while automated invoicing and autopay functionalities help minimize administrative burdens for association managers.

In addition, PayHOA provides accounting capabilities, enabling accurate and real-time financial reporting. The firm’s platform facilitates communication through texts, emails, and phone calls, enabling associations to keep residents informed about meetings, events, announcements, and emergencies. Moreover, PayHOA includes features such as message boards and website builders to enhance community engagement.

The startup generates revenue through its software pricing plans, which cost USD 49 per month for up to 25 units.

## Funding rounds

- Series A, Apr 17, 2024, $28M — Elephant

## Investors

- Elephant (https://capitalatlas.ai/funds/elephant) — Series A