Open Finance startup Finantier raises seven-figure seed round

Finantier, a Southeast Asian Open Finance startup providing an (Application Programming Interface) API platform for financial institutions to access and analyse consumer financial data, has raised a 7-figure seed funding round led by Global Founders Capital (GFC) and East Ventures (EV).

The round was oversubscribed, and funds were raised at a post-money valuation of more than 20 times its pre-seed valuation in November 2020.

Participating in the round 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 VenturePartners, among other high profile global fintech investors. Strengthening its board of advisors, Finantier welcomed Francesco Simoneschi, Co-Founder and CEO of Truelayer, to its stable of advisors.

Existing investors AC Ventures, Y Combinator, Genesia Ventures, Two Culture Capital and prominent angels also participated. Finantier was part of Y Combinator’s Winter 2021 batch.

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Source: Open Finance startup Finantier raises seven-figure seed round