Brankas

Brankas is the leading Open Finance technology company with a vision to make modern financial services available to everyone in Southeast Asia.

Brankas provides API-based solutions, data, and payments solutions for financial service providers (like banks, lenders, and e-wallets) and online businesses.

Brankas was founded in 2016 by Todd Schweitzer and Ken Shaw. The company is headquartered in Singapore.

 

Brankas’ platform offers a roster of more than 10 “banking-as-a-service” embedded APIs, including ones for opening online bank accounts, credit scoring, identity verification, e-commerce transactions and gig economy payments.

 

Brankas developed four new APIS — Statement, for retail and corporate transaction retrievals; Balance, to let people view their current and average account balances; Income, which uses machine learning to identify individual income or salary; and Telco, to allow clients access to users’ telecom data.

 

Brankas has worked with non-bank providers like remittance companies and e-wallets to offer Open Finance solutions that reach previously untapped customer segments. Brankas is now used by more than 40 banks and 100 enterprise customers and channel partners.

 

Brankas is backed by Visa, Insignia Ventures Partners, Beenext, Integra Partners, AFG Partners, Treasury International, and others. The company has closed $20M in a Series B funding round on Jan 05, 2022.

 

 

  • Year founded: 2016
  • Funding Info: $20M over 1 Round (Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Singapore
  • State: Central Region
  • Country: Singapore
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