Proptech & Real Estate

A2A Payments with affordability checks, and payment automation for modern Proptech & Real Estate firms.

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Challenges

Proptech companies often face high transactional costs due to traditional payment methods.
Tenant referencing can be a lengthy and error-prone process, often relying on outdated or incomplete information.
Chargeback fraud is a widespread issue in the property rental industry, leading to financial losses and disputes.
Handling payments for multiple contractors can be time-consuming and prone to errors, leading to delays and dissatisfaction among contractors.

Solutions

Offers Account to Account Payments and reduces transaction costs by up to 90%.
Real-time access to verified financial data, streamlining tenant referencing and reducing errors, making it ideal for Proptech operations.
By bypassing traditional card networks, ensures that payments are secure, reducing the incidence of fraudulent chargebacks.
Bulk payment feature allows property managers to make multiple payments in one go, reducing administrative workload.

Finexer’s Products for Proptech

Affordability and Income Checks

Verify income and financial stability in real-time to ensure tenants or buyers can meet commitments, reducing default risks in property transactions.

Request to PayByBank

Empowers users to send payment requests for rent, fees, and mortgage payments. Enables real-time A2A transfers, reducing processing delays.

VRPs (beta)

Automates recurring payments such as rent, utility bills, and service fees with adjustable amounts, ensuring consistency in collections and reducing manual management.

Bulk Payout

Allows for the mass distribution of payments, ideal for managing payments to multiple contractors or service providers.

Verification

Includes advanced tools for verifying tenant and business identities using real-time bank account data for KYC and KYB.

Benefits for Proptech

Instant Settlement

Rent, fees, and contractor payments are processed instantly, reducing delays and ensuring funds are available immediately.

Fast Customer Onboarding

Onboard customers using verified real-time banking data in seconds. Instantly confirm account ownership and identify potential risks, streamlining the onboarding process.

Reduce Cost

Proptech companies can reduce transaction fees by leveraging Open Banking, eliminating the need for costly credit card processing and third-party payment systems.

Better Customer Experience

Streamlined and frictionless payment experience, allowing tenants and clients to make quick and easy payments without requiring manual data entry.

Easy Integration

Seamlessly integrate with property management and financial systems to automate rent collection and expense tracking, reducing manual data entry and errors.

Fraud Prevention

Utilise bank-level security to minimise the risk of fraud and eliminate chargebacks, ensuring a secure and reliable experience for both operators and clients.

Compliance with PSD2 enhancing payment security 99% of UK bank’s coverage.

Rapid Deployment & Embaded solution.

Comprehensive white labelled solution.

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