Fimple
Simple and composable financial platform with the “Financial Function as a Service” principle.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $12.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Fimple is a cloud-native core banking platform that provides financial services to financial institutions. It operates on the principle of "Financial Function as a Service," which aims to streamline and simplify financial functions. Fimple's services are affordable and include essential financial services such as remittance, foreign exchange (FX), loans, and deposits.
Fimple's target market includes both new fintech startups and established financial institutions. New fintech companies often struggle with meeting regulatory requirements, which can be time-consuming and expensive. Fimple helps these companies by providing a modern, efficient core banking platform that simplifies the process of defining, configuring, and launching new financial products.
For established financial institutions, Fimple offers a parallel, modern core that allows them to modernize their operations. This is particularly beneficial for these institutions as they often face challenges in developing new products due to long development times and high costs.
Fimple's business model is based on providing its services as a cloud-based platform. This allows its clients to leverage new technologies such as open APIs and agile development practices to quickly respond to the changing needs of their customers and stakeholders.
Fimple also offers investment banking capabilities, including M&A, investor relations, financing, and trading. In addition, it provides a "Buy Now Pay Later" (BNPL) solution, which is a flexible and transparent financing solution that can be used as a risk management tool.
In summary, Fimple is a cloud-based core banking platform that provides a range of financial services to both new fintech startups and established financial institutions. It helps these companies modernize their operations, launch new products, and respond quickly to the changing needs of their customers and stakeholders.
Keywords: Cloud-native, Core Banking Platform, Financial Services, Fintech Startups, Established Financial Institutions, Open APIs, Agile Development, Investment Banking, Buy Now Pay Later (BNPL), Risk Management.