Case Study: Unibo achieves 15X growth with Powens IBAN Accounts

Unibo achieves 15X growth in one year with Powens

Unibo, a digital account provider for property managers in Spain, faced the significant regulatory challenge of obtaining the necessary financial institution licensing to issue IBAN accounts themselves, a process that could take up to two years. They turned to their existing partner, Powens, to leverage its Banking-as-a-Service solution to meet these requirements without needing their own license.

By implementing Powens' IBAN accounts and financial aggregation services, Unibo streamlined its onboarding, KYC, and payment processes. This partnership provided the secure, regulated foundation Unibo needed to build trust and offer a real alternative to traditional banking. As a result, Powens' solution enabled Unibo to achieve a remarkable 15X growth from 2022 to 2023.

Unibo