Belvo, LatAm’s answer to Plaid, raises $43M to scale its API for financial services

Belvo, a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding.

A mix of Silicon Valley and Latin American-based VC firms and angels participated in the financing including Future Positive, Kibo Ventures, FJ Labs, Kaszek, MAYA Capital, Venture Friends, Rappi co-founder and president Sebastián Mejía (Rappi), Harsh Sinha, CTO of Wise (formerly Transferwise) and Nubank CEO and founder David Vélez.

Citing Crunchbase data, Belvo believes the round represents the largest series A ever raised by a Latin American fintech. In May 2020, Belvo raised a $10 million seed round co-led by Silicon Valley’s Founders Fund and Argentina’s Kaszek.

Belvo aims to work with leading fintechs in Latin America, spanning across verticals like the neobanks, credit providers and personal finance products Latin Americans use every day.

The startup’s goal with its developer-first API platform that can be used to access and interpret end-user financial data is to build better, more efficient and more inclusive financial products in Latin America. Developers of popular neobank apps, credit providers and personal finance tools use Belvo’s API to connect bank accounts to their apps to unlock the power of open banking.

As TechCrunch Senior Editor Alex Wilhelm explained in this piece last year, Belvo might be considered similar to U.S.-based Plaid, but more attuned to the Latin American market so it can take in a more diverse set of data to better meet the needs of the various markets it serves. 

So while Belvo’s goals are “similar to the overarching goal[s] of Plaid,” co-founder and co-CEO Pablo Viguera told TechCrunch that Belvo is not merely building a banking API business hoping to connect apps to financial accounts. Instead, Belvo wants to build a finance API, which takes in more information than is normally collected by such systems. Latin America is massively underbanked and unbanked so the more data from more sources, the better.

“In essence, we’re pushing for similar outcomes [as Plaid] in terms of when you think about open banking or open finance,” Viguera said. “We’re working to democratize access to financial data and empower end users to port that data, and share that data with whoever they want.”

The company operates under the premise that just because a significant number of the region’s population is underbanked doesn’t mean that they aren’t still financially active. Belvo’s goal is to link all sorts of accounts together. For example, Viguera told TechCrunch that some gig-economy companies in Latin America are issuing their own cards that allow workers to cash out at small local shops. In time, all those transactions are data that could be linked up using Belvo, casting a far wider net than what we’re used to domestically.

The company’s work to connect banks and non-banks together is key to the company’s goal of allowing “any fintech or any developer to access and interpret user financial data,” according to Viguera.

Viguera and co-CEO Oriol Tintoré founded in May of 2019, and was part of Y Combinator’s Winter 2020 batch. Since launching its platform last year, the company says it has built a customer base of over 60 companies across Mexico, Brazil and Colombia, handling millions of monthly API calls. 

This is important because as Alex noted last year, similar to other players in the API-space, Belvo charges for each API call that its customers use (in this sense, it has a model similar to Twilio’s). 

Image Credits: Co-founders and co-CEOs Oriol Tintore and Pablo Viguera / Belvo

Also, over the past year, Belvo says it expanded its API coverage to over 40 financial institutions, which gives companies the ability to connect to over 90% of personal and business bank accounts in LatAm, as well as to tax authorities (such as the SAT in Mexico) and gig economy platforms.

“Essentially we take unstructured financial data , which an individual might have outside of a bank such as integrations we have with gig economy platforms such as Uber and Rappi. We can take a driver’s information from their Uber app, which is kind of built like a bank app and turn it into meaningful bank-like info which third parties can leverage to make assessments as if it’s data coming from a bank,” Viguera explained.

The startup plans to use its new capital to scale its product offering, continue expanding its geographic footprint and double its current headcount of 70. Specifically, Belvo plans to hire more than 50 engineers in Mexico and Brazil by year’s end. It currently has offices in Mexico City, São Paulo, and Barcelona. The company also aims to  launch its bank-to-bank payment initiation offering in Mexico and Brazil.

Belvo currently operates in Mexico, Colombia and Brazil. 

But it’s seeing “a lot of opportunity” in other markets in Latin America, especially in Chile, Peru and Argentina, Viguera told TechCrunch. “In due course, we will look to pursue expansion there.” 

Fred Blackford, founding partner of Future Positive, believes Belvo represents a “truly transformational opportunity for the region’s financial sector.”

Nicolás Szekasy, co-founder and managing partner of Kaszek, noted that demand for financial services in Latin America is growing at an exponential rate .

“Belvo is developing the infrastructure that will enable both the larger institutions and the emerging generation of younger players to successfully deploy their solutions,” he said. “ Oriol, Pablo, and the Belvo team have been leading the development of a sophisticated platform that resolves very complex technical challenges, and the company’s exponential growth reflects how it is delivering a product that fits perfectly with the requirements of the market.” 

#alex-wilhelm, #api, #argentina, #bank, #banking, #barcelona, #belvo, #brazil, #ceo, #chile, #co-ceo, #colombia, #cto, #david-velez, #driver, #editor, #finance, #financial-services, #fj-labs, #founders-fund, #funding, #fundings-exits, #kaszek, #kibo-ventures, #latin-america, #mexico, #mexico-city, #nubank, #online-food-ordering, #open-banking, #open-finance, #peru, #rappi, #recent-funding, #sao-paulo, #startup, #startups, #tc, #technology, #twilio, #uber, #vc, #venture-capital, #wise, #y-combinator

Nigerian fintech Okra raises $3.5M backed by Accenture Ventures and Susa Ventures

The last five years have seen a plethora of fintech applications in Nigeria (and Africa, in general) grow at an astonishing rate. But most of these companies and developers find it difficult to access real-time banking data. This, in turn, creates a bottleneck when onboarding and verifying customers.

Since 2019, Plaid-esque companies, but with different twists to their offerings, have emerged to solve these issues. Today, Nigeria’s Okra, arguably the first to gain mainstream attention, is announcing that it has closed a seed round of $3.5 million.

U.S.-based Susa Ventures led this latest tranche of investment. Other investors include TLcom Capital (the sole investor from its $1 million pre-seed round in 2020), newly joined Accenture Ventures and some angel investors. In total, Okra has raised $4.5 million in two rounds and the company will use the investment to expand its data infrastructure across Nigeria.   

Okra likes to describe itself as an API “super-connector” that creates a secure portal and process to exchange real-time financial information between customers, applications and banks.

Fara Ashiru Jituboh and David Peterside founded the company in June 2019. Since its launch in January 2020, Okra has aggressively pushed by connecting to all banks in Nigeria and even claims to have a 99.9% guaranteed uptime

Its business model provides integrations to developers and businesses into existing banking services and takes commissions off subsequent transactions. These integrations include accounts authorization, balance, identity, income, payments and transactions. Per partners (developers and businesses), they are well over 100 with some big names like Access Bank, Aella, Interswitch and uLesson.

Ashiru Jituboh tells TechCrunch that besides making APIs, Okra is in the business of selling “digital first-experiences and transformation”.

“We are building an open finance infrastructure that enables developers and businesses to offer digital-first experiences and financial products,” she said. “We’re at a point where businesses are realizing that digital transformation is one of the most conversation happening in most boardrooms. So for us, we’re essentially just making tools and services needed to achieve digital transformation at scale with our APIs.”

Positioning the company in such a way might be the reason for its immense growth in over a year. The company says it has recorded over 150,000 live API calls noticing an average month-on-month API call growth of 281%. Okra has also analyzed more than 20 million transactions; last month, it analyzed 27.5% of this figure at over 5.5 million transaction lines. For a bit of context, Plaid has analyzed more than 10 billion transactions in its eight years of existence.

I think it’s a good indicator that we’re on the right trajectory in terms of traction,” COO Peterside added.

Okra

Image Credits: Okra

If anything one can learn from the Nigerian fintech ecosystem over the past two years is that with growth comes regulatory scrutiny. Since last year, different regulatory moves from some of the country’s financial bodies have been targeted toward payments, crypto and wealth tech startups. While these regulators claim to foster the interests of the Nigerian public and protect consumers, their moves reek of innovation stifling and jurisdictional play.

So far, these regulators appear not to be concerned with the activities of API fintech infrastructure startups. But will they be prepared to deal with the situation should that change?

According to Peterside, Okra is preparing for unforeseen circumstances by taking the initiative and engaging with the regulators in its space. Since 2018 when the EU released the General Data Protection Regulation (GDPR) to deal with data protection and violations resulting from it, most African countries have mirrored these laws for their region. In Nigeria, there’s the Nigeria Data Protection Regulation (NDPR), and due to its similarities with the GDPR, Peterside believes Okra has nothing to worry about — at least for now.

In terms of what the law says, I think the fine print is clear not just in Nigeria but globally, so how we operate as a business is straightforward. But in terms of what we think, the regulators whether they make the necessary decisions… we can’t really speak about that but generally, the laws and global standards are clear,” he said.

If the company succeeds in keeping harmful regulations at bay, it can grow at whatever pace it wants. However, a bane that might threaten this pace is hiring, according to the CEO. “The one challenge I’ll say we face has to be hiring,” Ashiru Jituboh said.

Now, one of the significant reasons Okra proves attractive despite just over a year in operation is how it prioritizes speed. The company claims to onboard new clients in 24 hours or less while supporting them through the use cases specific to their product

An increasing clientele means increased problems which means more personnel to handle them. So besides using the recent check to expand its data infrastructure across Nigeria, Okra will put a sizeable chunk into sourcing for talent.

“We want to ensure that we’re solving our customers’ problems as fast as possible and give the clients the support they need. We want to make sure our hiring speed is the same as the speed of our growth and I think being able to raise capital is one of the solvers of that problem… making sure we’re bringing great talent and building a great team,” she added. 

Ashiru Jituboh understands the need for great engineering talent because of her engineering-heavy background. Before starting Okra with Peterside, she worked with JP Morgan, Fidelity Investments and Daimler Mercedes Benz. At Okra, she doubles as the chief executive and CTO, staking a claim as one of the most promising founders in Africa’s male-dominated fintech scene.

Omobola Johnson, a senior partner at TLcom Capital, maintains that these qualities and Okra’s proposition made the company its first fintech investment. It was more than enough to convince the firm to follow up in this round.

A year on, Okra has managed to make its investor list more impressive. Susa Ventures, its lead investor, has made notable early investments in Robinhood, Flexport and Fast. However, Okra is the only African-based startup the VC firm has invested in asides from Andela.

“We’re thrilled to partner with Okra as they enable developers across the African continent to transform digital financial services,” general partner at Susa, Seth Berman said. “We’re blown away by the quality of Okra’s team, pace of development and the excitement from the customers building on their API.”

As part of a Fortune Global 500 company, Accenture Ventures has invested in more than 30 startups. However, Okra is the first Black founded startup in its portfolio. Tom Lounibos, the firm’s president and managing director, said the reason behind the investment stems from partnering with Okra to bring open finance to Africa, the calibre of founders and their technology.

The founders tell me that Accenture and Susa represent smart money investors aligned with Okra’s vision and technology infrastructure play.

“For us, if we’re building an API infrastructure for the continent, we thought Accenture would be a really good partner because we’re essentially building an API which is a technology-based infrastructure.”

Besides, the investors will be pivotal to the company’s hiring and imminent pan-African expansion plans to Kenya and South Africa, where Okra is currently in beta.

Accenture coming onboard to Okra as an investor marks the latest in a line of major companies jumping in on the African fintech wave — Stripe with the acquisition of Paystack and Visa and WorldPay partnership with Flutterwave.

In terms of investments, Accenture Ventures continues the list of first-time U.S. investors in African fintech. Names like Bezos Expeditions in Chipper, Tiger Global and Avenir Growth Capital in Flutterwave and Valar in Kuda come to mind.

Beyond Susa and Accenture Ventures, Okra also brought on three angel investors to the round. Rob Solomon, chairman at GoFundMe and former partner at Accel; and two ex founding engineers at Robinhood — Arpan Shah and Hongxia Zhong.

Okra is not the only company looking to capitalize on the budding API financial infrastructure space. Stitch, another South African API fintech, came out of stealth with $4 million in funding. Pngme raised $3 million in February. Others like Nigeria’s Mono and OnePipe have raised six-figure pre-seed rounds and are backed by Y Combinator and Techstars.

Despite seeming competition, the infrastructure business, unlike a commoditized business, is one with room for many winners.

#accenture-ventures, #africa, #banking, #diversity, #finance, #fintech, #general-data-protection-regulation, #nigeria, #okra, #open-finance, #recent-funding, #startups, #susa-ventures, #tc

Financial API provider Brick is building the infrastructure for open banking in Southeast Asia

The adoption of financial apps is surging in Southeast Asian markets like Indonesia, the region’s most populous country. Founded by fintech veterans last year, Brick develops APIs that make it easier for tech companies to add identity verification and access financial data from their users. It is currently partnered with Indonesia’s seven largest banks, covering more than 90% of the country’s bank accounts, and plans to expand into all Southeast Asia countries.

More than three-fourths of Southeast Asia’s population is unbanked or underbanked, meaning that don’t have a bank account or access to traditional lending services. Brick will serve them as well, with products like mobile wallet and telcos APIs that are currently in beta and slated for launch next quarter.

The startup, which is now used by 250 developers and 35 tech companies, announced today it has raised new seed round. The amount of funding was undisclosed. Investors include investment firms Better Tomorrow Ventures, PT Prasetia Dwidharma, 1982 Ventures, Antler and Rally Cap Ventures, and angel backers like TrueLayer chief operating officer Shefali Roy, Cred chief executive officer Kunal Shah, Modalku CEO Reynold Wijaya, Carousell CEO Quek Siu Rui, and the founders of Nium, Xfers, Aspire, BukuWarung, ZenRooms and CareemPay.

Brick was founded in 2020 by chief executive officer Gavin Tan, an early employee at Aspire, a neobank for small- to mid-sized businesses, and chief technology Deepak Malhotra, previously co-founder of Indian neobank Slice and a former PayPal engineer.

Brick’s APIs have been deployed by personal financial management, cloud accounting, lending, wealth management and neobank apps, and Tan told TechCrunch it also sees use cases in verticals like savings, stock trading and financial planning.

Tan said he began thinking of launching Brick while working at high-growth fintech startups in Southeast Asia, including Aspire, and encountering a lack of infrastructure that slowed product development.

“Without unified APIs like those provided by Brick, fintech developers have to spend months figuring out commercials, navigating differing tech standards and navigating differing data standards, before they are able to launch their app,” Tan said.

A diagram showing Brick's financial API offerings

A diagram showing Brick’s financial API offerings

 

Brick and other fintechs have benefited from strong support from Indonesian regulators. For example, Bank Indonesia published open banking API standards in 2020.

Tan said the standards “represents concrete government recognition of open banking principles, including consumer ownership of data and the necessity of their consent to transfer and use that data (which Tan describes as “a core principle that all our products adhere to”) and establishing a common language for banks and fintechs that enables the adoption of embedded finance. It also laid out implementation timelines for open APIs, beginning with payment initiation APIs in 2021, which Brick will launch later this year.

Brick works closely with Bank Indonesia and Indonesia’s Financial Services Authority and is participating in Bank Rakyat Indonesia’s Sembrani Wira accelerator program.

The most obvious comparison for Brick is to Plaid, the financial API provider that helped enable the adoption of open banking and open finance in the United States, Canada and European countries. A key difference, however, is that Plaid serves markets where the majority of people have a bank account.

On the other hand, “in Southeast Asia, only 25% of adults regularly use a bank account,” Tan said. “For the 75% unbanked and underbanked adults, their data resides in alternative financial data sources.” To tap into that market, Brick is building APIs for alternative financial data sources, like mobile wallets, telcos, utility providers, e-commerce platforms, social security and tax offices.

The company is currently focused on product launches in Indonesia, and plans to start expanding into other high-growth fintech markets, including Singapore, the Philippines and Vietnam, later this year.

#asia, #brick, #financial-api, #fintech, #fundings-exits, #indonesia, #open-banking, #open-finance, #southeast-asia, #startups, #tc

Mono, a startup that wants to build Plaid for Africa, gets backing from Y Combinator

Prakhar Singh and ex-Paystack employee Abdul Hassan have known each other for seven years, building different tech products individually and collectively along the way.

Before joining Paystack in 2018, Hassan co-founded OyaPay, a payments startup the year before. After leaving the Stripe-owned company in 2019, he launched a data startup called Voyance where Singh, who had already exited one of his products — Transferpay.ng, an offline payments startup — was a software engineer.

Last June, the duo started working on Mono, a project that would allow companies to access their customers’ financial accounts in Nigeria.

By streamlining various data in a single API, companies and third-party developers can retrieve vital information like account statements, real-time balance, historical transactions, income, expense and account owner identification. Of course, this isn’t without users’ consent as they are required to login with their internet or mobile login credentials before any transaction takes place.

Following a series of tests and iterations, Mono launched its beta version in August, with Hassan as CEO and Singh as CTO. A month later, the startup closed a $500,000 pre-seed investment from early-stage investors like Lateral Capital, Ventures Platform, Golden Palm Investments and Rally Cap. It was one of the notable pre-seed rounds on the continent because of the length of time it took from launch to funding, a trait other API fintech startups in the region share, albeit with significantly longer timelines.  

In a region where more than half of the population is either unbanked or underbanked, these open finance players are trying to improve financial inclusion on the continent. Open finance thrives on the notion that with access to a financial ecosystem via open APIs and new routes to move money, access financial information and make borrowing decisions, the barriers and costs of entry for the unbanked and underbanked might come down. 

However, for Hassan, Mono’s play overlaps open finance and open banking. Although the two terminologies portray what these African startups want to accomplish, the CEO believes that they are subject to regulation from the government and apex financial institutions. Mono is a data company playing in the fintech space, he says.

Prakhar Singh (CTO) and Abdul Hassan (CEO)

He likened Mono to how Google was in its early days when it started with a simple mission to organize the world’s information and make it accessible. Decades later with enormous data, Google has metamorphosed into an internet giant playing in a plethora of sectors.

“If you ask me, I’ll say we don’t see ourselves entirely in open banking or finance,” he told TechCrunch. “Today, we’re concerned about how we can get data from different sources and aggregate into a database where businesses can get access to them with our users’ consent. Down the line, we can use this data for different use cases and solve various problems.”

Mono has already secured partnerships with more than 16 financial institutions in Nigeria and has a little over a hundred businesses like Carbon, Renmoney, Flutterwave and Indicina using its platform. They process about 5 million datasets per hour, the CEO claims.

These clients are mainly lending companies with a few others in proptech and health tech, which allow users to pay for their services in installments. But there are plans to diversify this clientele. One such way will be to improve onboarding processes on applications through its one-click signup feature.

From a user’s perspective, here’s how it works when considering two savings applications: Users submit their KYC to the first savings app. But for one reason or the other, maybe due to a better interest rate, some users switch to a second savings app.

However, there’s a little hassle in that a second KYC is needed for this process. What Mono has done with the one-click signup feature is to let users transfer their data from the first app to the second without repeating the process. And to that end, Mono has partnered with two of Nigeria’s leading savings and investment platforms to roll out the service. 

“First, we’ve enabled companies with a new infrastructure that allows them to get access to customers’ financial accounts and understand their history before giving them loans or any financial service. Now, we think with the new generation of companies coming up in Africa, Mono will be the one to power their onboarding processes,” Hassan remarks on the platform’s offerings.

Image Credits: Mono

For any investor, Mono’s sticky features, coupled with explosive growth, looks too good of an opportunity to pass on. Today, the six-month-old startup announced that it has been accepted into Y Combinator’s Winter 2021 batch. It will receive $125,000 in seed funding with an opportunity to receive follow-up investment after graduating in March. The startup also joins 39 other African startups per YC data which have passed through the accelerator since 2009.

Getting into the accelerator helps Mono with one of its biggest challenges. According to Hassan, Mono has come across users who are still skeptical to input their internet banking details on the platform due to personal experiences with online fraud in the country.

“To date, we’ve been focusing on building, and I think we’ve gotten to a stage where we’re seeing some people not wanting to use their internet banking on Mono.” But with YC’s backing and a conscious offline marketing plan afterwards, the founder thinks Mono’s credibility can get a lift.

At Paystack, where Hassan was a product manager, he was privileged to experience firsthand the company’s innovation and growth before it was acquired by Stripe last year. He says he learned the ropes of product development and management, and hiring — lessons that have stuck with him to Mono, a company now with 13 staff across Nigeria and India.

The plan for Mono is to be a global company and getting into YC provides the perfect opportunity to do so. The company is also planning an imminent pan-African expansion to Ghana and Kenya, and from all indication, Mono might execute one if not the two before the end of Q1. Setting the company up for expansion and the hiring spree that comes with it will require capital, so a seed round is in the works to facilitate the whole process.

 

#africa, #finance, #financial-inclusion, #fintech, #mono, #open-banking, #open-finance, #startups, #y-combinator

Singapore-based open finance startup Finantier gets backing from Y Combinator

Being “underbanked” doesn’t mean that someone lacks access to financial services. Instead, it often means they don’t have traditional bank accounts or credit cards. But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. Finantier, a Singapore-based open finance startup, wants to streamline that data with a single API that gives financial services access to user data, with their consent. It also includes machine learning-based analytics to enable credit scoring and KYC verifications.

Currently in beta mode with more than 20 clients, Finantier is busy getting ready to officially launch. It announced today that it has been accepted into Y Combinator’s Winter 2021 startup batch. The startup also also recently raised an undisclosed amount of pre-seed funding led by East Ventures, with participation from AC Ventures, Genesia Ventures, Two Culture Capital and other investors.

Finantier was founded earlier this year by Diego Rojas, Keng Low and Edwin Kusuma, all of whom have experience building products for fintech companies, with the mission of enabling open finance in emerging markets.

Open finance grew out of open banking, the same framework that Plaid and Tink are built on. Meant to give people more control over their financial data instead of keeping it siloed within banks and other institutions, users can decide to grant apps or websites secure access to information from their online accounts, including bank accounts, credit cards and digital wallets. Open banking refers mainly to payment accounts, while open finance, Finantier’s specialty, covers a larger gamut of services, including business lending, mortgages and insurance underwriting.

While Finantier is focusing first on Singapore and Indonesia, it plans to expand into other countries and become a global fintech company like Plaid. It’s already eyeing Vietnam and the Philippines and has established partnerships in Brussels.

Before launching Finantier, Rojas worked on products for peer-to-peer lending platforms Lending Club and Dianrong, and served as chief technology officer for several fintech startups in Southeast Asia. He realized that many companies struggled to integrate with other platforms and fetch data from banks, or purchase data from different providers.

“People are discussing open banking, embedded finance and so on,” Rojas, Finantier’s chief executive officer, told TechCrunch. “But those are the building blocks of something bigger, which is open finance. Particularly in a region like Southeast Asia, where about 60% to 70% of adults are unbanked or underbanked, we believe in helping consumers and businesses leverage the data that they have in multiple platforms. It definitely doesn’t need to be a bank account, it could be in a digital wallet, e-commerce platform or other service providers.”

What this means for consumers is that even if someone doesn’t have a credit card, they can still establish creditworthiness: for example, by sharing data from completed transactions on e-commerce platforms. Gig economy workers can access more financial services and deals by giving data about their daily rides or other types of work they do through different apps.

Building Southeast Asia’s financial infrastructure

Other open banking startups focused on Southeast Asia include Brankas and Brick. Rojas said Finantier differentiates by specializing on open finance, and creating infrastructure for financial institutions to build more services for end users.

The benefit of open finance for financial institutions is that they can create products for more consumers and find more opportunities for revenue sharing models. In Southeast Asia, this also means reaching more people who are underbanked, or otherwise lack access to financial services.

While taking part in Y Combinator’s accelerator program, Finantier will also be participating in the Indonesia Financial Service Authority’s regulatory sandbox. Once it completes the program, it will be able to partner with more fintech companies in Indonesia, including bigger institutions.

There are 139 million adults in Indonesia who are underbanked or unbanked, said East Ventures co-founder and managing partner Wilson Cuaca.

The investment firm, which focuses on Indonesia, conducts an annual survey called the East Ventures Digital Competitiveness Index, and found that financial exclusion was where one of the largest divides existed. There significant gaps in between the number of financial services available in heavily-populated islands like Java, where Jakarta is located, and other islands in the archipelago.

To promote financial inclusion and alleviate the economic impact of the COVID-19 pandemic, the government has set a goal for 10 million micro, small and medium-sized enterprises (MSMEs) to go digital by the end of the year. There are currently about 8 Indonesian million MSMEs that sell online, representing just 13% of MSMEs in the country.

“Providing equal access to financial services will create multiplier effects to the Indonesian economy,” Cuaca told TechCrunch about East Ventures’ decision to back Finantier. “Currently, hundreds of companies work with their own unique solutions to bring financial services to more people. We believe Finantier will help them offer more products and services to this underserved section of the population.”

 

#asia, #finantier, #fintech, #fundings-exits, #indonesia, #open-banking, #open-finance, #singapore, #southeast-asia, #startups, #tc