Tarabut provides open finance infrastructure by connecting real-time financial data and enabling embedded finance solutions. The platform offers APIs for BaaS, data insights, embedded financing, and account-to-account payments to enhance financial services access and efficiency. They facilitate seamless, secure connectivity between financial institutions and fintechs across the MENA region.
Funding
$57.3M 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 and fintech companies in the MENA region face challenges in accessing and leveraging real-time financial data from various banks due to fragmented systems and a lack of standardized APIs. This limits their ability to offer innovative services, make informed decisions, and streamline payment processes.
Solution
Tarabut provides a regulated open banking platform that offers a secure and unified API for accessing financial data and enabling instant account-to-account payments. This platform allows businesses to connect to a broad network of banks, unlocking data-driven insights and streamlining payment processes. By providing real-time access to millions of financial accounts, Tarabut empowers financial institutions and fintechs to enhance decision-making, improve customer insights, and create seamless payment experiences.
Target Audience
The primary target audience includes financial institutions, fintech companies, and enterprises in the MENA region seeking to leverage open banking for enhanced services, data-driven insights, and streamlined payment solutions.
Features
- Secure Open Banking APIs for real-time access to financial data.
- Instant account-to-account payments with real-time settlements.
- Bank-grade security infrastructure trusted by leading banks.
- Data categorization to transform raw transaction data into actionable insights.
- Income verification using secure, real-time data directly from bank accounts.
- Account verification to instantly and securely verify bank account ownership.
- Compliance solutions to simplify API exposure and ensure adherence to regulatory requirements.
- No-code dashboard with insights to speed up approvals and enhance decision-making.