Brankas will use the funds to develop new APIs. Here are the top-line bullets you need to know.
Brankas, an open banking startup, has raised $20M in a Series B round that drew participation from AFG Partners, Visa, and Insignia Ventures Partners, among others.
HOW’S THE COMPANY PERFORMING?
- Indonesia-based Brankas develops APIs for fintechs, financial institutions, and online businesses.
- The company provides over 10 APIs, including those for credit scoring, identity verification, e-commerce transactions, gig payments, and opening online banking accounts.
- Brankas has seen its API usage grow 30% month-over-month.
- The company’s services are being used by over 40 banks.