The people
What they build
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Working at Dwello
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On the TechTO stage
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About
Founded in Toronto in 2010 by Casper Wong, Moussa Tabcharani and Chris Chan, Dwello set out to kill the rent cheque. Tenants connect a bank account, rent moves automatically, and landlords get the paperwork online. It went through Ryerson's DMZ accelerator in 2016 and placed second in The Next Big Idea in Fintech, run by DMZ and BMO. On the TechTO stage that April, Chan demoed the Dwello Score, which read 90 to 360 days of bank transactions — income, average balance, spending, bounced payments — to screen a tenant where a credit check alone fell short. Dwello later dropped its rent-to-credit-bureau reporting, saying trials showed rent payments did not move renters' scores enough, and now sells a rent-payments API.
Backers
Ryerson DMZ accelerator (2016); second place, The Next Big Idea in Fintech (DMZ + BMO)
Quick answers
What does Dwello do?
Automates monthly rent payments between tenants and landlords in Canada, with online reporting for property managers. It now also sells this as a payments API.
Who founded Dwello?
Casper Wong, Moussa Tabcharani and Chris Chan, in Toronto in 2010.
What was the Dwello Score?
A tenant-screening score demoed at TechTO in April 2016. It combined income against the unit's rent, average bank balance, spending and bounced payments, read from 90 to 360 days of bank transactions, with TransUnion data alongside it.