Powens is Open Banking with superpowers. Its unified API goes beyond PSD2 and is helping over 230 leading financial services players create the Open Finance experiences of tomorrow right now. The Open Finance platform offers access to loan and savings account data, investment, and crypto-currency data, as well as automated collection of invoices and supporting documents.
Website
https://www.powens.com/
Active since
2012
Head office
Paris
Country offices
France
Founders
Romain Bignon and Clément Coeurdeuil
Funding rounds and investors
Year over year growth rate
30%
Number of employees
130
Member of industry association and/or initiatives
Contact (phone number / email address)
Cecile Abescat – Head of Marketing & Communications – cecile.abescat@powens.com / +33682276190
CORE SOLUTION
What are the company’s core solutions
How it works
With Powens, you can initiate payments and aggregate all the financial data and documents you need from over 1800 institutions using a single API and unified development environment.
Powens is an authorised payment institution. In addition, the company has an account aggregation and payment initiation license under PSD2, passported across 30 countries in Europe, the EEA, and the UK.
What problems does the company solve
Powens offloads the complexity of composing financial apps enabling fast, agile financial innovation thanks to the ability to compose and recompose apps more easily.
The company provides a complete framework for Open Finance to build superior financial services experiences. Powens clients access a greater depth of data allowing them to innovate, address more use cases, and respond to emerging opportunities.
Types of supported APIs / API standard supported
REST and OAuth 2.0 compliant API for secure-data sharing
Industries / target market
European Banking Group, Insurances, Fintech Players, Business Management Software, Payment Service Providers, Public Sector
Geographical coverage (operational area)
Europe; UK
Number of connected banks
1800 financial institutions
Account coverage (%) across countries / regions
Bank: UK = 86% ; Germany = 86% ; France = 99% ; Spain = 93% ; Italy = 88% ; Luxembourg = 99% ; Belgium = 98% ; The Netherlands = 30% ; Portugal = 27% ; Romania = 7%; Ireland = 43%
Number of signed-up developers
5000
Number of total end users
1.5 millions
TECHNOLOGY
Cloud enabled
Software language
Python
Software development tools
We are using gitlab as a full CI/CD platform with an additional security tool and checking tool on our pipelines. We are using a lot of open source software and library and contribute financially by sponsoring multiple open source projects like FastAPI and woob.
When was the core technology developed
The first version dates from 2014 but is constantly evolving
CUSTOMERS / CASE STUDIES
Key customers
Groupe BPCE, Harvest, Alma, Euro Information, BNP Paribas, Lydia, Oney, Agicap, Natixis, Maif, Axa, Docaposte, Finary