About Open Fabric

The startup offers a digital payment platform that streamlines merchant integrations for online payment methods, including wallets and Buy Now Pay Later (BNPL) options. By enhancing accuracy in merchant acceptance, the platform enables credit providers to expedite business acceptance points and facilitate quicker settlements.

```xml <problem> E-wallets and online credit providers face challenges in rapidly expanding their merchant acceptance points, particularly across diverse geographies and payment channels. Integrating with multiple payment gateways and merchants individually is complex and time-consuming, hindering speed to market. </problem> <solution> OpenFabric provides a unified platform that accelerates merchant integration for digital payment methods, including e-wallets, Buy Now Pay Later (BNPL) options, and loyalty programs. The platform leverages virtual cards to tokenize closed-loop payment instruments and embeds these tokens into digital payment flows for automated processing. This white-labeled SaaS solution offers a single interface for connecting with payment aggregators and merchants, enabling customers to expand their merchant footprint across online, in-store, domestic, and international channels. By streamlining the integration process, OpenFabric allows credit providers to expedite business acceptance and facilitate faster settlements. </solution> <features> - Virtual card tokenization for closed-loop payment instruments - Embedded tokens for automated processing within digital payment flows - White-labeled SaaS solution for alternate payment methods - Single interface for multiple markets across APAC - NFC Tap and Pay enablement at Mastercard & Visa terminals globally - Integration with leading payment aggregators and merchants </features> <target_audience> OpenFabric primarily targets e-wallets, online credit/BNPL providers, loyalty/points banks, and store of value platforms seeking to expand their merchant acceptance and payment capabilities. </target_audience> ```

What does Open Fabric do?

Where is Open Fabric located?

Open Fabric is based in Singapore, Singapore.

When was Open Fabric founded?

Open Fabric was founded in 2021.

How much funding has Open Fabric raised?

Open Fabric has raised 4950000.

Location

Singapore, Singapore

Founded

2021

Funding

4950000

Employees

14 employees

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Open Fabric

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Executive Summary

openfabric.co 300+

Founded 2021 – Singapore, Singapore

Funding

Estimated Funding

$3M+

Team (10+)

No team information available.

Company Description

Problem

E-wallets and online credit providers face challenges in rapidly expanding their merchant acceptance points, particularly across diverse geographies and payment channels. Integrating with multiple payment gateways and merchants individually is complex and time-consuming, hindering speed to market.

Solution

OpenFabric provides a unified platform that accelerates merchant integration for digital payment methods, including e-wallets, Buy Now Pay Later (BNPL) options, and loyalty programs. The platform leverages virtual cards to tokenize closed-loop payment instruments and embeds these tokens into digital payment flows for automated processing. This white-labeled SaaS solution offers a single interface for connecting with payment aggregators and merchants, enabling customers to expand their merchant footprint across online, in-store, domestic, and international channels. By streamlining the integration process, OpenFabric allows credit providers to expedite business acceptance and facilitate faster settlements.

Features

Virtual card tokenization for closed-loop payment instruments

Embedded tokens for automated processing within digital payment flows

White-labeled SaaS solution for alternate payment methods

Single interface for multiple markets across APAC

NFC Tap and Pay enablement at Mastercard & Visa terminals globally

Integration with leading payment aggregators and merchants

Target Audience

OpenFabric primarily targets e-wallets, online credit/BNPL providers, loyalty/points banks, and store of value platforms seeking to expand their merchant acceptance and payment capabilities.