ClickPay and NovelPay Merge to Create The Most Comprehensive Solution to Simplify Real Estate Billing and Payments

NEW YORK, NY (December 6, 2013) NovelPay and ClickPay announced today that they have
merged. The joining of these two leaders in the real estate payment market delivers the most
complete solution to unify all billing and payments, streamlining the administration of the collection
process. Existing investors of the entities, including Originate Ventures and Thayer Street Partners,
have backed the union by infusing additional capital to enhance the already rapid growth pace.

The unparalleled newly expanded company will move forward featuring the ClickPay “brand” in its

Joining forces provides the “complete billing and payment solution” to enable property owners
and managers to collect payments from their residents including online payments, lockbox, paper
statements and e-bill, as well as accepting all payment methods including e-check, credit cards,
and American Express. The combined organization will serve the payment needs of the largest
multifamily owners and managers across the country from Hawaii to Maine. The Company serves
all aspects of the real estate market including multifamily, condo/coop, commercial, parking,
storage and other.

Additionally, the united Company now integrates with essentially every leading real estate
accounting software or property management program.

Ernest Muller, Co-Founder of NovelPay, said: “ClickPay has been a well-respected competitor for
many years, and we have always admired their reputation for quality and customer care. We shared
the same vision for our business. Our union enhances our ability to provide the most complete
billing and payment service in the market.”

“The NovelPay team has made their mark with their advanced platform and reputation for
incredible service and innovation. The technology in the world of payments is changing rapidly.
Combining our talents and resources enables us to accelerate our product and service evolution to
meet the needs of the residents and property managers we serve,” said Tom Kiernan, Co-Founder of

“We appreciate the commitment of our employees and the loyalty of our customers in building this
business and now we appreciate their outstanding support during this transition period,” said Steve
Van Praagh, Co-Founder of ClickPay.

About ClickPay, a Division of NovelPay, LLC

As the leading provider of electronic payment solutions for the multi-housing industry, ClickPay
offers fully integrated payment processing services and software to accelerate the financial
performance of its customers by reducing operating costs, creating operational efficiencies, and
boosting resident satisfaction. These services provide property owners and managers with a
customizable, electronic solution to bill and collect from their residents including online payments,
lockbox, paper statements and e-bill. ClickPay enables property owners and managers to accept
all payment methods including e-check (ACH), credit cards, American Express, and paper checks.
Utilizing years of collective experience in the real estate, electronic payment, and technology
sectors, the ClickPay team has developed a comprehensive suite of services

For more information about ClickPay:
Gabriel Valentino, (201) 340-0214