Provides a cloud-based API platform for embedded banking and payment solutions, enabling businesses to issue digital and physical cards, create multi-currency accounts, and integrate services like share trading and loyalty programs. It streamlines compliance, reduces operational costs, and supports rapid scalability with modular infrastructure tailored for industries such as fintech, e-commerce, and remittance.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in efficiently managing and integrating various financial services such as card issuance, multi-currency accounts, and payment processing, leading to increased operational costs and complexities in compliance. Existing solutions often lack the flexibility and modularity required to adapt to rapidly changing market demands and specific industry needs.
Solution
BUILD provides a cloud-based API platform that enables businesses to embed banking and payment solutions directly into their existing systems. The platform offers a suite of services including digital and physical card issuance, multi-currency account creation, secure payment processing, brokerage integration, and customizable loyalty programs. BUILD streamlines compliance by handling regulatory requirements and provides tools for compliance management. Its modular technology stack and partnerships deliver scalable solutions at competitive prices, allowing businesses to focus on product development and user experience while BUILD manages the underlying financial infrastructure.
Target Audience
The primary target audience includes fintech companies, e-commerce businesses, web3 exchanges, payroll and human capital management (HCM) providers, alternative finance (AltFi) and SME lenders, and remittance and global payment transfer services.
Features
- API-driven platform for embedding banking and payment functionalities
- Banking and Compliance as a Service: Provisioning of unique BSB and Account numbers with compliance management tools
- Card and Wallet as a Service: Creation, customization, and management of physical and digital cards with Mastercard, Visa, UnionPay, and Apple/Google Pay capabilities
- Payment as a Service: APIs to control payments, set transaction limits, and specify approved merchants
- Brokerage and Credit as a Service: Integration for trading access to US and international shares, derivatives, and implementation of credit services like overdrafts and credit cards
- Rewards as a Service: Customizable loyalty programs to enhance customer retention
- White Labeling: Turnkey web pages and apps for faster deployment
- Multi-currency account support for sending and receiving payments in over 37 currencies across 180 countries