Brazilian Fintech Finansystech raised $442K in less than two and a half hours from 183 investors through CapTable, the largest investment platform in startups in Brazil.
Finansystech was founded in June and is a pioneer in Latin America for achieving the global security standards FAPI and CIBA, provided by OpenID and used worldwide.
The platform is a Modular Plug and Play open-source technology that allows financial services to provide secure open finance solutions. The packages offered by the fintech include services such as Consent Management, Identity Security with FAPI/CIBA, API gateway and governance, precast integrations for Core Banking, among others.
After four months of operation, Finansystech has eleven clients in the financial market, including Sicoob. For the next year, the fintech has contracts that will add up to a turnover of more than $500k.
Outside the Brazilian market, Finansystech already seeks to go global. Having the regulatory and integration requirements of BACEN, the platform is also compatible with the models in the United Kingdom and Australia. The project should start next year in countries like the United States, Mexico, and the United Arab Emirates.
Read more on: Latamfintech
