Escher Group invests in Dublin start-up Deposify

Dublin-headquartered software company Escher Group has invested €125,000 in Deposify, a fintech start-up that aims to solve disputes between landlords and tenants through its payments platform.

Escher, a provider of outsourced, point-of-sale software to the postal industry, said it has also licensed its transaction management technology RiposteTrEx to the firm, which was established by Jon Bayle, a former solicitor, in May 2013.

Deposify provides a deposit management service that allows landlords and tenants to manage and control how and when rental deposits are paid, and resolve related disputes, quickly.

"Over the last few years, we have heavily invested in developing a very flexible and scalable digital transaction management platform which can be used across a range of vertical markets and opportunities. Our focus is on the postal, retail and financial industries, we are now looking to license the platform to other businesses who require technology to provide solutions for markets where Escher does not currently operate." said Liam Church, chief executive of Escher.

Escher was founded in 1989 in Boston but moved its headquarters to Ireland in 2007 following a management buyout.