Finantier Raises Seed Funding To Expand Open Finance Platform Across SEA!
Tags: Company, Startup, Fundraising, Fintech, Southeast Asia

Finantier Raises Seed Funding To Expand Open Finance Platform Across SEA! Finantier Follow Jun 17 · 3 min read

With the support of high-calibre investors and an amazing team, we cannot wait to see how many more lives Finantier can help impact through Open Finance!

We are excited to announce that Finantier has raised fresh capital to fuel the growth of our Open Finance API platform across Southeast Asia!

The seed funding round was led by Global Founders Capital (GFC) and East Ventures. Also participating were Future Shape, an investment and advisory firm founded by Tony Fadell, the co-inventor of the iPhone, Partech Partners, Taurus Ventures, Saison Capital, and GMO Venture Partners, among other high profile global fintech investors.

Our early backers AC Ventures, Y Combinator, Genesia Ventures, Two Culture Capital and many prominent angels continued their support by doubling down!

We also welcomed Francesco Simoneschi, Co-Founder and CEO of Truelayer to our stable of advisors. His experience would be greatly beneficial to our ambitions of building the region’s leading Open Finance platform.

The new round is a testament to the progress we have made.

Within the first 6 months of 2021, we have expanded the team by more than 5 times to over 50 members, while growing our clients and partnerships by 50 per cent month-on-month!

This is just the beginning of our journey. We intend to use the fresh funding to scale and enhance our product offerings, enabling even more of the unbanked to access financial services.

We also plan to continue our expansion within Indonesia and the region, continuing on our journey of helping the 290 million unbanked across Southeast Asia.

For this to happen, we will need to double our amazing team and look forward to onboarding even more superstars to join us in building more inclusive financial services!

As the only Open Finance platform working closely with regulators in advising Open Banking and Open Finance standards, we are committed to accelerating financial inclusion within Southeast Asia.

“We believe the team’s relevant expertise, together with their transparent approach, will bring Open Finance into Southeast Asia where millions of unbanked and underserved lack access to proper financial services, accelerating financial inclusion,” said Oliver Samwer, Founder and Managing Partner at GFC.

Tony Fadell, Principal at Future Shape commented, “ Finantier is bringing financial freedom to everyone across Southeast Asia. Individuals now can easily share their digital transaction data, from various merchants, to help them build their creditworthiness. This is a significant step to create an open and inclusive banking ecosystem for all.”

Also Read: How you can benefit from your financial data

“In order to accelerate financial inclusion and to increase innovation in financial services across Indonesia, collaboration is key among regulators, associations and the private sector. The Finantier team is doing a great job by proactively engaging all the parties while building a Fintech platform and a sustainable ecosystem aligned with the vision of a more inclusive country,” added Pandu Patria Sjahrir, Founding Partner at AC Ventures and Chairman of Indonesia FinTech Association (AFTECH).

“Accelerating financial inclusion within Indonesia is crucial given the high unbanked rate. With access to better financial services, these underserved segments of the population can lead better lives and drive growth for the Indonesian economy. We had a leap of faith in Finantier since their early days and believe they play a key role in making that a reality by connecting the unbanked to fintechs and financial institutions across the country,” noted Willson Cuaca, Co-founder and Managing Partner at East Ventures.

“We seek to back entrepreneurs with a visceral mission and broad vision. The Finantier team understands that Open Finance in Southeast Asia is about improving financial services customer experience and accelerating financial inclusion. They bring both passion and expertise to building an essential foundation to an increasingly fast emerging economy,” shared Nicolas El Baze, General Partner at Partech.

With the support of high-calibre investors and an amazing team, we cannot wait to see how many more lives Finantier can help impact through Open Finance!

Stay tuned!