Help your property managers slash backoffice costs & fraud with bank account connectivity and virtual IBANs. Powens’ platform checks tenants’ documents, automate rent payment and steamline property expenses.
Sync tenants’ primary bank account to verify their actual income source and regularity.
Issue nominated virtual IBANs or send Pay-by-bank requests to ensure 100% wire transfers are automatically reconciled.
Embed and automate the payment of property expenses (utilities, contractors) directly from your Powens payment account. Instant transfers, always available.
Automated verification of tenants. Automated reconciliation of rent payments. Automated payment of property expenses.
Watch your customers grow faster as they onboard more properties with less resources – and let your revenue grow with them.
Increase Average Contract Value by adding financial services features in higher tiers.
“Powens quickly established itself as the ideal partner for creating an attractive payment channel for tenants”
We sync 350,000+ business bank accounts and payment wallets of more than 200k SMEs across Europe. That’s 200M bank transactions processed every month.
With customers such as Unibo in Spain and Matera or Piloc in France, Powens is pioneering the proptech revolution.
You won’t play lego with generic technical blocks. We provide integrated, packaged offerings for property management with dedicated features that match your business needs.
Powens automates the three biggest pain points in property management: tenant verification (syncing tenants’ bank accounts to verify actual income), rent collection (issuing Virtual IBANs or Pay-by-Bank requests for 100% automatic reconciliation of rent payments), and property expense management (automating payments to utilities and contractors via embedded Instant Transfers).
Some Powens property management customers have achieved 15x growth in one year by automating rent payments and bank connections. One customer (Unibo) built Europe’s first account for commonholds, where each building has a Powens IBAN account to automate all incomes and expenses.
Each tenant or property can be assigned a unique Virtual IBAN. When rent is paid to that IBAN, the system automatically knows which tenant paid for which property — eliminating manual matching. Combined with Direct Debit for automated collection, this removes days of backoffice reconciliation work.
The solution combines Transactions, Business Transactions, Wealth & Loans, Business Wealth & Loans, Accounts & Virtual IBANs, Instant Transfers, Direct Debit, Pay by Bank, Bank ID Check and Valitic (for the Spanish market).
Bank ID Check verifies the tenant’s bank account ownership details, while Transactions data retrieved from the tenant’s bank account reveals actual income source and regularity. In Spain, Valitic – a collaborative service from Iberpay – can also be used to verify a tenant’s bank account ownership.
Powens is pioneering financial infrastructure for property management, with customers including Unibo in Spain and Matera and Piloc in France. It offers bank account sync to 11,000+ property managers and provides integrated, packaged offerings specifically designed for proptech needs.