Open Fabric unlocks commerce by enabling open payment networks for digital wallets. The platform facilitates NFC tap-and-pay transactions globally and supports e-wallet integration with major payment gateways and e-commerce sites via virtual cards. This infrastructure allows businesses to expand the reach and utility of their digital payment solutions across various consumer touchpoints.
Funding
$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
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.
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.
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