Dwello wants to take on the “last stand” of cheques with rent payment platform

For property managers and landlords who manage multiple properties and tenants, it can be overwhelming to track payments and ensure they are being received on time.

To make this process less overwhelming and more organized, Dwello, the latest pitch on The Disruptors, has created an automated payment platform for landlords, property managers, and tenants. By connecting users’ bank accounts to its system, Dwello allows tenants to process payments online automatically without having to send an Interac payment or cheque.

“We want to help property managers and landlords process not only payments, but have everything online.”

“Dwello’s a company that provides paperless services,” said Chris Chan, president of Dwello. “Dwello is a disruptor because we’re finally getting rid of the last stand of cheques in North America. I think the biggest part of what we want to do is to help property managers and landlords process not only payments, but have everything online.”

Co-host Bruce Croxon says when he first heard of the idea, he thought about whether the DMZ-based company was tackling a real problem. But seeing that landlords have to manage many tenants, Croxon says there may be potential for the startup if it taps into its target market fast.

“There’s not going to be a technology barrier to entry. If you’re going to do it, get out to as many landlords as possible as fast as you can…it’s not a huge problem. It’s not a huge cost advantage. It’s more convenient, but you got to go,” said Croxon.

Watch the full pitch below:

BetaKit is a production partner on The Disruptors. Tune in to BNN every Thursday night at 7pm for full episodes!

Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.