According to a recent LinkedIn post from Billys, the company is highlighting a new feature set called Billys Safe aimed at addressing chronic non-payment of shared building expenses in multi-owner properties. The post describes functionality integrated into the existing app, combined with legal coverage for the pursuit of unpaid common charges through a partnership with ARAG, a provider in the legal protection sector.
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The company’s LinkedIn post suggests that Billys Safe is designed to make building management more secure, transparent and equitable for tenants who pay on time. The post also notes a promotional offer, indicating that Billys Safe is available free of charge until the end of May for new subscribers to the Billys Smart, Pro and Pro Online plans, which could support subscriber acquisition and increase recurring revenue if conversion and retention rates are favorable.
For investors, the introduction of legally backed collection services may enhance the perceived value of Billys’ platform, potentially improving pricing power and reducing churn among property managers facing payment delinquency. The collaboration with an established legal protection firm such as ARAG could strengthen Billys’ positioning in the Greek property management and proptech market, signaling a move up the value chain from basic administration tools toward more comprehensive risk-management solutions.