Finantier is the leading Open Finance API platform for Southeast Asia. Finantier unlocks access to more inclusive financial services by providing the infrastructure that powers the next generation of financial services across SEA, accelerating financial inclusion within the region. The banked, underserved and unbanked in the region now can get access to personalized products by leveraging their data and Finantier's platform.
Active since
2020
Head office
Jakarta, Indonesia
Founder(s)
Diego Rojas (CEO), Keng Low (CPO), Edwin Kusuma (COO)
Funding round and investors Pre-seed: East Ventures (Lead), AC Ventures, Genesia Ventures, Two Culture
Capital, prominent angels
Seed: Global Founders Capital (Lead), East Ventures (Lead), Addition,Y Combinator, Future Shape, Partech Partners, Taurus Ventures, Saison Capital, GMO VenturePartners, joining returning investors from pre-seed round
Service provider type
Open Banking enablers API connectivity for payment initiation API connectivity for data retrieval & value-added services on the data Consent management TPP checking & repository End-user solutions and propositions
How it works
Finantier aggregates data from banks and also from alternative sources including gig platforms and telcos. After user consent is obtained, these datasets are then analysed to provide detailed insights on consumers for financial institutions, allowing them to create customised products while providing financial services for a wider range of users.
What problem does the company solve
Over 70% of adults in Southeast Asia lack access to financial services due to the high unbanked rate and inadequate financial infrastructure. Hence, financial institutions lack access to consumer data, handicapping them in providing financial services. Finantier solves this by aggregating data from alternative sources and providing them to companies.
Industries/target markets
Banks, Fintechs, Lending, Wealthtech, PFM, Insurtech, Gig platforms, Telcos, HRIS
Geographical coverage (operational area)
Southeast Asia (Indonesia, Philippines, Vietnam and Thailand)
Business model/pricing
For more details, please contact our sales team Technology
cloud enabled/native cloud/on premises/hybrid
Software development tools AWS, Google Cloud
When was the core technology developed?
Do you have redundancy and coverage provided by multiple integrations (APIs & Direct Access)?
Yes
How will you handle automated refunds?
Fraud detection algorithms and payments initiation API
How will you mitigate the risk of bank transactions failing?
Automated API verifications and multiple providers integrated
How will you reconcile payments efficiently?
Virtual Accounts Settlement
Partners Over 200
Customer/case studies
For more details, please contact our sales team
Business revenue
Undisclosed
Website
www.finantier.co