Shaype provides a cloud-native platform with modular components tailored for financial and payment systems, enabling businesses to customize their operations without significant infrastructure changes. This solution lowers operational costs and enhances adaptability to market demands, streamlining financial processes for improved efficiency.
Funding
$21.4M 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
Financial institutions often face challenges in rapidly adapting to evolving market demands and integrating new technologies into their existing financial and payment systems. Legacy infrastructure can be a barrier to innovation, resulting in slow product launches and increased operational costs.
Solution
Shaype offers a cloud-native, embedded finance platform that provides financial institutions with the modular components needed to quickly build, test, and deploy new financial products and customer experiences. The platform's microservices architecture and universal API adapter allow businesses to customize their operations without undergoing significant infrastructure overhauls. Shaype streamlines complex payment processes, reduces time-to-market for new products, and enhances adaptability to changing market conditions. By providing access to payment networks, card issuing capabilities, and real-time fraud monitoring, Shaype enables businesses to focus on customer engagement and satisfaction while maintaining security and compliance.
Target Audience
Shaype primarily targets financial institutions, fintech companies, and businesses looking to embed financial services into their existing products or create new financial solutions.
Features
- Modular platform with components for onboarding & KYC, accounts & wallets, financial crime prevention, rules engine, payments & transfers, card issuance, transaction processing, and core ledger functions
- Microservices architecture accessed via a universal API adapter for flexible integration
- Access to payment networks, including Visa Principal Membership and Australian payment rails (NPP and DE)
- Real-time fraud monitoring via a microservice API connected to Featurespace
- Sandbox environment for bank transfer and card payments testing
- Swagger-based RESTful APIs with auto-generated and updated API definitions
- Support for various solutions, including child & youth accounts, business expense solutions, brand reward programs, and wealth management