Fintecture is a licensed B2B payment platform that utilizes Open Banking technology to facilitate immediate and intelligent bank transfers without the need for manual IBAN entry. The platform enhances transaction security and efficiency, addressing issues of payment delays and fraud in business transactions.
Funding
$25.3M 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
Many B2B payment processes rely on manual IBAN entry, which can be slow, error-prone, and vulnerable to fraud. Traditional payment methods often lack real-time reconciliation, leading to delays and inefficiencies in financial operations.
Solution
Fintecture provides a B2B payment platform that leverages Open Banking to enable instant and intelligent bank transfers without manual IBAN input. The platform facilitates secure and efficient transactions, addressing payment delays and fraud risks. Fintecture offers solutions for various use cases, including payments to individuals or businesses, immediate or scheduled payments, and collections or disbursements. The platform's technology includes a proprietary payment infrastructure, integrated algorithms, and payer recognition capabilities.
Target Audience
Fintecture primarily targets businesses seeking to optimize their payment processes, reduce fraud, and improve financial performance across online, in-store, and remote sales channels.
Features
- Immediate bank transfers via Open Banking without manual IBAN entry
- Intelligent transfers with real-time reconciliation
- Buy Now Pay Later (BNPL) options for B2B transactions with a 30-day payment delay and default guarantee
- Verified disbursement solution for quick and secure refunds or credits to customer accounts
- Customizable anti-fraud measures
- Payment account with programmable disbursements
- Automated reporting tools
- Customer identification ("Verify") feature
- QR code payments for in-store transactions without a POS terminal
- Payment links integrated into invoices, reminders, emails, or SMS messages