We’re excited to enter the next phase in PayProp’s global expansion with the incorporation of PayProp Canada and the appointment of Mislav Majic as President to lead our expansion efforts there.

PayProp’s strong growth in South Africa and the United Kingdom provided the impetus we needed to enter Canada so soon after the UK (where we officially launched in 2015) – and we hope to keep the momentum and capitalise on the enormous opportunity we see in this market.

Best of both worlds

Mislav represents an emerging class of Humanstate employee, prized as much for their entrepreneurial energy as their mastery of organisational administration.

Born in Croatia, he moved to Canada as a child and graduated from Ryerson University with a degree in Business Administration.

He started his career at Bell Canada, the country’s biggest telco, in the sales department, before co-founding Facta Vera, a financial technology company focused on automating accounts payable processes, in partnership with his brother.

Over the next 15 years, Mislav built up an impressive portfolio of Fortune 1,000 customers, including AXA Insurance, Pfizer, Labatt Brewing Company, Hewlett Packard, TransCanada Pipelines and IKEA – delivering over 400 successful implementations across North America.

Most recently, Mislav took an opportunity to join VersaPay, a publicly listed payments company that wanted to transition from a traditional merchant services business and penetrate the growing B2B payments market. Mislav helped pivot VersaPay’s offering towards an accounts receivable automation solution, which proved to be a catalyst for the company’s growth from 16 million CAD in value to 62 million CAD today.

What attracted him to PayProp? Mislav cites the big opportunity, the company’s innovative approach, and above all, the people.

Big opportunity

The Canadian property market offers exciting prospects, he continues.

“Market growth is very robust, both from a pricing and volume point of view – which in turn provides impetus for rental growth. With over two million private rental dwellings turning over more than 20 billion CAD annually, the Canadian market is increasingly attractive.”

How will we address this market opportunity? “I am confident that the great work and processes implemented by the PayProp team in the UK and South Africa can be leveraged to great effect as we enter the Canadian market,” he says. “We know our product is exceptional and we know our clients love it. Our short-term focus will be on localising our solution for the Canadian market, building infrastructure and hiring a great team to delight our early customers.”

Due to great work by André Holtshausen, PayProp Canada has already secured a major banking partner to enable seamless receipt and reconciliation of rent as well as swift payments to bulk beneficiaries via the PayProp platform.

New digs

In the meantime, PayProp Canada is looking to establish offices in Toronto – which, along with Vancouver, is the country’s biggest real estate market.

“Being in Toronto’s downtown financial district will serve us well in attracting the right talent as we build our team,” Mislav says. “We are reviewing office space options and have already started the hiring process. I am very excited to be part of the PayProp team and eager to help lead the market expansion into Canada.”

Please join us in welcoming Mislav to the group and wishing him and PayProp Canada much success.