Finbricks offers a banking aggregation platform, MULTIBANK, that provides standardized access to financial data and banking services through a single API interface. This solution enables businesses to implement essential banking functionalities, such as payment initiation and account information retrieval, without the complexities of integrating with multiple banks.
Funding
$1.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face complexities in integrating with multiple banks to access financial data and execute banking operations. This often involves navigating disparate systems and protocols, leading to increased development costs and operational overhead.
Solution
Finbricks offers MULTIBANK, a banking aggregation platform that provides standardized access to financial data and banking services via a single API. This platform simplifies the implementation of essential banking functionalities, such as payment initiation, account information retrieval, and recurring payment management. By abstracting away the complexities of individual bank integrations, MULTIBANK enables businesses to streamline their financial processes and enhance their applications with banking capabilities. The platform supports interbank payments, including instant payments, and provides real-time payment status updates.
Target Audience
The primary target audience includes payment gateways, e-commerce platforms, POS system providers, and accounting/ERP software vendors seeking to integrate banking functionalities into their systems.
Features
- Unified API for accessing multiple banks and financial services
- Payment initiation for interbank transfers, including instant payments
- Account information retrieval, including transaction history and account details
- Recurring payment management for setting up, modifying, and canceling standing orders
- User management for secure storage of user data and bank connections
- System status monitoring for real-time updates on API availability and bank services
- Support for additional financial services like BankID and payment gateways