Leading utility company, netVendor, partners with Propell

Dec 1, 2020 | Project Loans

netVendor, a private utility company providing metering solutions for electricity and water, has partnered with Propell. netVendor was founded in 2004 as a tech company specialising in monitoring solutions. Their business model was built to support fast, easy, and effective smart prepaid and postpaid utility management for water and electricity in residential, industrial and commercial properties.

 

Prepaid sub-metering helps properties go green

Prepaid sub-metering is one of the best solutions to conserve energy. When electricity is purchased upfront, the approach to consumption is far more conscious. Homeowners and tenants begin to understand their consumption habits and can better conserve their energy usage each month. It also helps them budget more efficiently and removes any bill shock for tenants, landlords, managing agents and body corporates at the end of the month. netVendor aims to provide valuable solutions to their customers and empowers them with their innovative products. These solutions and products solve the problem of managing resources like utility (energy and water) consumption in a better way.

netVendor has grown into one of the most innovative and efficient vending and metering companies in South Africa, supporting prepaid and postpaid water and electricity. Their team of highly talented developers have created seamless online solutions that integrate perfectly into utilities as well as other management and financial systems.

Innovation is important to us and netVendor is continuously looking for better energy-saving solutions that meet the needs of the community. They want to provide transparent cost-effective solutions for all their clients whether it is a free-standing house or a large factory. Using these green energy solutions from netVendor, we want our customers to have the ability to manage their utility usage; water or electricity, effectively and efficiently.

At Propell, we work with many community schemes that implement energy-saving solutions. Installing prepaid sub-meters makes sense and because we’re passionate about property going green, we are proud to be partnering with netVendor. We firmly believe that property owners as well as tenants should have full transparency of their energy usage and be able to manage the recovery of their utilities efficiently. netVendor offers a solution that enables this. We look forward to working with netVendor and building a long term relationship.

 

How does this impact your community scheme?

Propell’s Project Loans is a great way for community schemes (sectional title schemes and homeowners associations) to get the funding they need for energy saving solutions like these that are necessary for going green.

Project Loans are unsecured revolving loan facilities provided to sectional title schemes and homeowners associations. Community schemes can access funds immediately to complete projects like maintenance, upgrades, repairs and energy-saving solutions. They are the fastest, most efficient and cost-effective way to have work completed – which means you could have your security upgraded and ready in time for the holiday season!

If you would like to apply for a Project Loan for your community scheme, contact Propell.