Finduku provides a Pay by Bank payment platform that enables businesses in the Philippines to collect direct bank payments from customers, eliminating the need for sensitive card information. This solution reduces transaction times and processing fees while enhancing security through end-to-end encryption and multi-factor authentication.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses in the Philippines face challenges with traditional payment methods, including reliance on cash, bank transfers, and e-wallets, which can be inefficient and costly. These methods often involve manual reconciliation, high transaction fees, and potential security risks associated with sharing sensitive financial information.
Solution
Finduku offers a Pay by Bank platform that enables businesses to directly collect payments from customer bank accounts and credit lines in the Philippines. By integrating Finduku, businesses can offer customers a seamless payment experience via QR code scanning or online payment links, eliminating the need for traditional bank transfers or card details. The platform streamlines the payment process, reduces transaction times, and lowers processing fees by up to 80%. Finduku also provides a centralized dashboard for real-time transaction reconciliation and insights into business growth.
Target Audience
Finduku targets businesses in the Philippines, including online merchants and brick-and-mortar stores, looking to streamline payment processes, reduce transaction costs, and offer customers a secure and convenient payment option.
Features
- Direct Pay by Bank payments via QR code or payment links
- Support for both one-off and recurring transactions
- Integration with online and mobile banking apps
- Real-time transaction reconciliation
- Centralized dashboard for tracking business growth
- End-to-end encryption and multi-factor authentication
- Reduced transaction fees compared to traditional methods