Finantier, the Indonesian Fintech company that provides data products and infrastructure that business is required for building the next generation financial services, announced securing an undisclosed funding from Y Combinator on 23rd December 2020.
The startup will be joining the Winter 2021 Batch of the American seed money accelerator Y Combinator which will begin in the coming year. With the secured funding they are planning to expand the technology team and the continuation for growing their product range.
The Singapore based startup is based on open finance and aims at streamlining the open finance data using a single API that provides financial service excellence to the user data. They also include analytics based on machine learning for enabling credit score and KYC verification. The platform is currently operating in beta mode and has 20 plus clients and is working in full pace to officially launch.
Finantier recently closed its pre-seed funding round led by East Ventures that included participation from Genesia Ventures, Two Culture Capital, AC Ventures and a few other investors with an undisclosed amount.
Presently they are actively working in Indonesian and Singapore with the plans to expand into other countries for becoming a global fintech enterprise. This global scaling will be pushed with their recent plans to expand in the Philippines and Vietnam.
About Finantier
Finantier was founded in August this year by Edwin Kusuma, Keng Low and Diego Rojas. Before founding Finantier Diego Rojas worked various products on Dianrong and Lending Club, the P2P lending platforms and has served as the city for many South Asian fintech startups. Rojas realized that many of the enterprises struggle for integrating with other platforms and fetching data from the financial institutions for purchasing it from providers. He said, “people are actively discussing embedded finance, open banking and other terms but these are the primary building blocks for something bigger that is open finance. We believe to help customers and organisations to leverage their data present over multiple platforms. It’s not necessary to be a bank account, it can be anything like an e-commerce platform, digital wallet or any other service provider.”
Finantier provides the fintech enterprises with ability to make powerful and simple experiences for the customers. With its open banking API platform it provides data products and infrastructure for powering the next generation financial services. It is the first enterprise in Indonesia that provides such open finance ecosystem features.
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