PayProp is a UK-based company established in 2004 that provides payment automation software for landlords, tenants, and letting agents. It operates in the UK, Europe, and Africa and processes £300 million in transactions annually across 200,000 properties. The PayProp platform allows agents to securely collect payments from tenants and make payments to landlords, connecting payments to properties and tenants in one centralized system. It ensures agents meet regulatory compliance guidelines and provides visibility into business metrics and payments.