{"id":2558,"date":"2016-03-10T17:23:27","date_gmt":"2016-03-10T11:53:27","guid":{"rendered":"http:\/\/blog.instamojo.com\/?p=2558"},"modified":"2021-12-16T13:28:35","modified_gmt":"2021-12-16T07:58:35","slug":"how-homigo-collects-payments","status":"publish","type":"post","link":"https:\/\/www.instamojo.com\/blog\/how-homigo-collects-payments\/","title":{"rendered":"Homigo: Solving the ‘Real’ Estate Renting Problem"},"content":{"rendered":"

Remember that time in your twenties when you got a new job or joined a university and had to move to a new city? Good times, good times. And then, you had to find a place to stay<\/del> live? Ah, that’s when the fun really began.<\/p>\n

You probably:<\/p>\n

1. Posted on Facebook groups (and got a broker’s number).<\/p>\n

2. Searched on Google for websites that list to-let\u00a0spaces (and got a broker’s number).<\/p>\n

3. Called the brokers yourself (using aforementioned numbers).<\/p>\n

Dealing with brokers is painful: we’ve all been there. And that’s where Homigo steps in. It’s a flat rental solution that provides fully furnished apartments for single,\u00a0working professionals. Homigo rents out spaces, furnishes them with appliances and furniture and even sets up the Internet.<\/p>\n

Say what?<\/p>\n

But while they were busy disrupting the housing space, along came some prickly operational issues. CTO Aakash Verma speaks to us about how important it was to find the right payment partner and what they were looking for.<\/p>\n

How were you collecting payments prior to Instamojo?<\/strong><\/h2>\n

“We handled payments through NEFT\/IMPS.”<\/p><\/blockquote>\n

But, it had its limitations:<\/p>\n