About Finverse Technologies

Finverse provides data infrastructure APIs that enable businesses to collect direct debit payments and access real-time financial data from over 40 banks across the Asia-Pacific region. This technology allows consumers and businesses to link their financial accounts easily, reducing transaction fees by up to 85% and automating payment processes.

```xml <problem> Many businesses in the Asia-Pacific region face challenges with high transaction fees and manual processes when collecting payments and accessing financial data. Traditional payment methods can be expensive, and integrating with multiple banks for data retrieval is complex and time-consuming. </problem> <solution> Finverse provides a unified platform with APIs that streamline payment collection and enable access to real-time financial data from over 150 banks across Asia. The Collect API allows businesses to collect recurring payments directly from customer bank accounts, reducing transaction fees by up to 85%. The Bank Data API facilitates the retrieval of financial account information with user consent, offering a comprehensive view of financial data. By automating payment processes and providing easy access to financial data, Finverse helps businesses reduce costs, improve efficiency, and enhance customer experience. </solution> <features> - Collect API for direct debit payments from any bank account - Bank Data API for real-time financial account information retrieval - Support for direct debit and FPS/FAST payments in Hong Kong and Singapore - Integration with Xero for automated invoice payments - Developer-friendly APIs and webhooks for easy integration - Real-time fee reporting - Support for one-off or recurring, scheduled or instant payments </features> <target_audience> Finverse targets businesses in the Asia-Pacific region, including those in real estate, credit repayments, remittances, B2B collections, and payroll operations, that need to streamline payment processes and access financial data. </target_audience> <revenue_model> Finverse uses a standard pricing model of 0.5% per transaction for the Collect API and Bank Data API, with custom pricing available for high-volume clients. </revenue_model> ```

What does Finverse Technologies do?

Where is Finverse Technologies located?

Finverse Technologies is based in Hong Kong.

When was Finverse Technologies founded?

Finverse Technologies was founded in 2020.

How much funding has Finverse Technologies raised?

Finverse Technologies has raised 1500000.

Location

Hong Kong

Founded

2020

Funding

1500000

Employees

7 employees

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Finverse Technologies

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Executive Summary

finverse.com 700+

Crunchbase

Founded 2020 – Hong Kong

Funding

Estimated Funding

$1M+

Team (5+)

No team information available.

Company Description

Problem

Many businesses in the Asia-Pacific region face challenges with high transaction fees and manual processes when collecting payments and accessing financial data. Traditional payment methods can be expensive, and integrating with multiple banks for data retrieval is complex and time-consuming.

Solution

Finverse provides a unified platform with APIs that streamline payment collection and enable access to real-time financial data from over 150 banks across Asia. The Collect API allows businesses to collect recurring payments directly from customer bank accounts, reducing transaction fees by up to 85%. The Bank Data API facilitates the retrieval of financial account information with user consent, offering a comprehensive view of financial data. By automating payment processes and providing easy access to financial data, Finverse helps businesses reduce costs, improve efficiency, and enhance customer experience.

Features

Collect API for direct debit payments from any bank account

Bank Data API for real-time financial account information retrieval

Support for direct debit and FPS/FAST payments in Hong Kong and Singapore

Integration with Xero for automated invoice payments

Developer-friendly APIs and webhooks for easy integration

Real-time fee reporting

Support for one-off or recurring, scheduled or instant payments

Target Audience

Finverse targets businesses in the Asia-Pacific region, including those in real estate, credit repayments, remittances, B2B collections, and payroll operations, that need to streamline payment processes and access financial data.

Revenue Model

Finverse uses a standard pricing model of 0.5% per transaction for the Collect API and Bank Data API, with custom pricing available for high-volume clients.