Kobakus provides an open banking API that enables seamless integration with over 3,000 banks across Turkey, the UK, and Europe, allowing users to view account balances, transaction histories, and initiate payments in real-time. This platform addresses the challenge of fragmented banking services by offering a unified solution for financial data access and payment processing, enhancing operational efficiency for businesses and individuals.
Funding
$1M 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
Businesses and individuals face challenges in accessing and managing financial data across different banks due to fragmented banking systems. This complexity hinders real-time visibility of account balances, transaction histories, and efficient payment processing.
Solution
Kobakus offers an open banking API that provides a unified solution for accessing financial data and initiating payments across numerous banks. The platform enables users to view account balances and transaction histories in real-time and initiate payments directly from their bank accounts. Kobakus facilitates lower transaction fees and reduces fraud through direct bank verification, offering a secure and compliant solution that aligns with open banking standards and PSD2 regulations. The API allows businesses to develop their own open banking applications, offering additional services to their customers through a white-label solution.
Target Audience
The primary target audience includes companies, e-commerce businesses, and digital wallet providers seeking to streamline financial operations and offer innovative banking services to their customers.
Features
- Integration with over 3,000 banks across Turkey, the UK, and Europe
- Real-time access to account balances, transaction histories, and card transactions
- Payment initiation directly from bank accounts
- Virtual POS products with next-day payouts and installment options
- Anti-fraud system that verifies transactions directly with the bank
- White-label API for developing custom open banking applications
- PSD2 compliance and bank-level security