Ivy is a leading Open Banking provider optimising coverage and conversion rates for merchants through a single API integration connecting over 5,000 banks. Focused on enterprise clients, Ivy eliminates the need for credit cards, reduces payment failures, and enhances user experience, leading the global payment ecosystem.

Website

www.getivy.io

Active since

2022

Head office

Munich

Country offices in

Germany

Founders

Ferdinand Dabitz, Joshua Becker, Simon Wimmer, Peter Lieck.

Funding rounds and investors

USD 30 million funding round announced in July 2023, led by Valar Ventures and Creandum, including several unicorn founders as angel investors.

Number of employees

30

Member of industry association and/or initiatives

Merchant Risk Council

Awards

Please contact the team: jacob.steinhardt@getivy.io

Contact

jacob.steinhardt@getivy.io

Core solution

The company`s core solutions

• Instant Bank Payments – Real-time bank payments and refunds
• Recurring Payments – Ad-hoc and recurring bank payments
• Payouts – Open and closed loop payouts

What problem does the company solve?

The European Open Banking landscape is fragmented, with over 5,000 banks and 24 payment rails, leading to inconsistent coverage. At Ivy, we’ve built a network of networks, integrating local champions into a single API. This seamless connection significantly improves coverage and conversion rates across multiple markets.

Major use cases & products

Ivy serves customers in a growing number of industries and verticals where instant bank payments and payouts offer numerous advantages over traditional card-based payments. Instant payments facilitated by Open Banking deliver operational cost-savings, a smoother customer experience, reduced fraud risk, and elimination of chargebacks.

Competitive advantage

Ivy’s competitive advantage lies in its network of networks, which connects over 5,000 banks through a single API, ensuring seamless integration across fragmented open banking systems. With a Smart Routing Engine and white-label solutions, Ivy optimises conversion rates, reduces payment failures, and enhances user experience for both merchants and consumers.

Types of supported APIs\API standard supported

Restful JSON

Geographical coverage (operational area)

Ivy is connected to more than 4000 banks across 28 European markets, touching more than 400 million end consumers. 96%+ coverage in core markets.

Target market

Target segments/industries

Ecommerce, online marketplaces, travel industry (esp. airlines, OTAs, and hotels), money services (esp. crypto and wallets) and trading.

Current customers

https://www.getivy.com/customer-stories/

Technology

Type of technology

Native cloud

Software language

Typescript

Software development tools

VSCode

When was the core technology developed?

2022

Licencing

Type of licence

PI (Payment Institution) license granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3292703-8

Partners

Technology partners

Please contact the team: partnerships@getivy.io

Distribution channels

Direct integration with merchants and through PSP partners.

Business model

Pricing model

Transaction-based pricing model (please contact the team: jacob.steinhardt@getivy.io).

Revenue streams

Merchant service fees.

Business strategy resources

Please contact the team: jacob.steinhardt@getivy.io

Case studies

Case studies – examples

Product roadmap

Planned features and releases/future plans

Please contact the team: jacob.steinhardt@getivy.io.