KirayaDo : This Startup Will Handle Your Rent Payments

Back in school days, I was bestowed with the gallant task of conveying our monthly home rentals to the apartment owner.  I had to carry a dairy and a pen to take owner’s signature, as acknowledgement for receiving the cash envelope comprising our rent payment in tallying denominations. While we have moved out from that rented apartment much over a decade ago, the general process of paying or accepting rent hasn’t changed much, except for the progressive embrace of financial technology, in the form of digital payments through mobile wallets or online transactions.

If you have lived in one or rented out an apartment before, you’ll agree that these solutions don’t concur with the absolute process of rental management, which involves rental deeds, advance payments, an access-friendly history of payment records. Having realized this, a Hyderabad-based software entrepreneur Saad Ahmed Shareef, founded Kirayado.com, a startup touted as the first of its kind from Hyderabad. KirayaDo.com aims to disrupt this trend with a digital rent management system to manage rentals automatically.

Users can signup on KirayaDo.com for free to pay or receive rents online. The registration process takes into account one’s tenancy details and automatically crafts a personalized profile and payment calendar to make or receive payments, depending on whether you are tenant or owner. It also takes care of rental deeds and other documentation automatically.

Even as a progressively increasing number of people are embracing digital technology for quotidian purposes (including this writer), the square one-step process of registration fairly excuses one from the hassle of managing rentals traditionally. KirayaDo.com unifies all details of one’s payments, offering the luxurious convenience to microscope through transactions from history and access them anytime, from anywhere free of cost.

The website swiftly imbibes rental details, generating a unique profile for customers. It then uses the data to remind one to collect or pay rents depending on rent due dates, and past payment patterns. To make the registration process interesting, users will be rewarded for payments rents in advance.

For instance, if a user wants to pay advance rent for the month of November in August, a certain percentage of rent is given back in the form of discounts and incentives.  The startup, singular in its character, is also experimenting to spice-up rewards to its users by providing location-specific and target-specific discount coupons as incentives against payments.

According to Saad Ahmed Shareef, the idea “is to eliminate dependency and make rentals fun, interesting and automatic. KirayaDo is so intelligent it will automatically remind you to pay rent before the due date, keeps all your payment history, and automatically personalizes your payment cycle to suit your rental agreement.”

Saad believes his experience in handling highly scalable applications in the retail and commercial banking in UAE has helped him materialize his idea into a startup that’s already garnering interest. “Many real estate entities have admired our startup idea, and are willing to collaborate long term. The voluminous real estate India has is our biggest strength and we are wiring our technology to simplify everyday things”, he adds.

KirayaDo.com has already set its foot as www.PayRent.ae in UAE, where Saad has worked for six years in top banks managing critical applications there. He counts on his ‘innately dedicated’ team to make Hyderabad’s first such startup the next big thing in Indian housing sector where owners or contracting agencies draw periodic rentals for tenants from paying guest accommodation to shared apartments and nuclear families, leasing impression that rentals are the lifeline of a substantial segment of India’s housing sector.