Open finance startup Finantier accepted into Y Combinator
Wednesday 23 December 2020 13:42 CET | News
Finantier, a Singapore-based open finance startup, has been accepted into Y Combinator’s Winter 2021 startup batch.
The startup aims to offer an API that gives financial services access to user data, with their consent. The concept is based on Open Finance, derived from Open Banking. Their solution also includes machine-learning-based analytics to enable credit scoring and KYC verifications. Finantier covers multiple services, including business lending, mortgages, and insurance underwriting.
Currently in beta mode with 20+ clients, Finantier is getting ready to officially launch. The startup also recently raised an undisclosed amount of pre-seed funding led by East Ventures, with participation from AC Ventures, Genesia Ventures, Two Culture Capital, and other investors.