The startup offers an online financial software that integrates investment accounts from multiple banks, providing users with real-time insights into their investment portfolios. This platform enables users to receive timely notifications about their investments, enhancing their ability to monitor and manage financial opportunities effectively.
Funding
$790K 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
Many individuals and businesses in the Nordics face challenges in aggregating financial data from various custodians, including banks, wealth management firms, fintech platforms, and authorities. This fragmented data landscape makes it difficult to gain a comprehensive overview of their financial status and hinders the development of enhanced financial products and services.
Solution
FinSquid offers an open finance platform that enables seamless aggregation of financial data from multiple custodians through a single integration. Its SDK allows businesses to connect to various global entities and access customer financial data, including investments, pensions, loans, and real estate assets. The platform standardizes data from different sources into a common format, ensuring data quality and consistency. FinSquid also provides transaction categorization and customization options, allowing businesses to tailor the data to their specific needs.
Target Audience
FinSquid primarily targets financial institutions, fintech companies, and developers in the Nordics seeking to aggregate customer financial data and build innovative financial products and services.
Features
- Single API integration for connecting to numerous custodians across the Nordics
- Support for various custodian types, including banks, wealth management firms, fintech platforms, authorities, real estate, private equity, loan providers, and crypto platforms
- Data standardization to ensure consistency and quality across different sources
- Transaction categorization with customization options
- Secure data transfer via reverse engineering, file transfer/SFTP, or screen scraping
- Support for various data types, including investments, pensions, and loans
- Customizable UI for web and app interfaces