Baasic provides an infrastructure platform enabling ERPs, CRMs, and SaaS companies to embed financial services like credit, payments, and digital accounts directly into their software. The platform centralizes modern RESTful APIs, banking orchestration, and built-in regulatory compliance, including KYC and AML processes. This allows technology providers to offer white-label financial products quickly without developing fintech capabilities internally.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses struggle to integrate financial services into their operations, facing complexities in compliance, technology, and expertise. This prevents them from creating new revenue streams and enhancing customer engagement through customized financial offerings.
Solution
Baasic offers a Banking as a Service (BaaS) platform that enables businesses to seamlessly embed financial services, such as digital accounts, payment solutions, and lending, directly into their existing platforms. Through a suite of APIs and a white-label platform, companies can offer customized financial products without becoming a bank, reducing time to market to as little as 90 days. Baasic handles the complexities of compliance, security, and back-end operations, allowing businesses to focus on their core competencies while expanding their service offerings and revenue streams. The platform provides tools for market analysis, product development, and ongoing operational support, ensuring a smooth integration and successful launch of financial services.
Target Audience
Baasic targets businesses across various sectors, including retail, education, agriculture, and mobility, that seek to embed financial services into their operations to enhance customer engagement and generate new revenue streams.
Features
- Comprehensive suite of APIs for integrating banking services into existing platforms
- White-label platform for creating a fully branded digital banking experience
- Support for digital accounts, payment processing, credit and debit cards, loans, insurance, and investments
- Customizable user interface and workflows to align with specific business needs
- Real-time transaction processing and reporting
- Robust security measures and compliance with financial regulations
- Scalable cloud-based infrastructure
- Access to a marketplace of financial partners and services