What if property managers across Europe are spending hours every day just trying to figure out which tenants have paid their rent? In this episode, I speak with Marcel Meitza, founder and CEO of GetMomo, a Berlin-based vertical Fintech building what he calls "the real estate operating system for Europe."
With a background in banking and consulting at BCG, Marcel identified a massive opportunity in an industry where the average property manager oversees 900 units and hundreds of bank accounts but still relies on manual spreadsheets and outdated processes to track payments and allocate funds.
We dive into
Marcel's journey from discovering manual check processing in New York social housing to building Europe's property management infrastructure offers valuable insights for vertical FinTech founders.
Visit our website www.embeddedfinancereview.com for more content. This episode was produced by Orama.tv.
(00:00) Introduction to the Real Estate Payment Problem
(01:40) Marcel's Background and GetMomo's Mission
(03:26) Deep Dive into Get Momo’s Product Offering
(06:06) Money Flows and Banking Products
(11:23) Customer Trust and German Banking Partnerships
(14:54) Technical Integrations and Banking Partners
(18:29) Open Banking and Future Prospects
(26:02) Expansion and Future Goals
(27:39) Marcel's Personal Journey into Real Estate Fintech
(29:56) Conclusion and Contact Information