Finverse provides an API platform for automating bank and card payments across the Asia-Pacific region. The platform enables businesses to collect recurring payments via direct debit and streamline invoice collections using payment links. Additionally, the Bank Data API aggregates real-time financial account information from over 40 Asian banks with user consent.
Funding
$1.5M 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 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.
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.
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