Fintech startup, Finantier, founded in 2020, is the leading Open Finance platform for Southeast Asia that develops data driven financial processes to enable fintechs and financial institutions to provide their customers with equal access to financial services. Their open finance system works by providing banks with consumers’ financial data, which will help banks determine and enable consumers’ access to financial services such as payments, lending, and insurance, among others.
Diego Rojas, the CEO and Co-founder of Finantier explains how open finance can accelerate financial inclusion in Southeast Asia, specifically in Indonesia where the largest population of unbanked resides. He says by allowing the unbanked to access financial services will help drive financial inclusion within the region.
He sheds some insights on;
- what is open finance and how it can help improve the services from fintech companies
- the products and services the platform offers and how they work
- who Finantier’s key customers are and how the products benefit them
- the needs of the unbanked and underbanked in terms of payments and transfers, savings to credits
- regional trends in how open finance has enabled more unbanked and underbanked access financial service
- the future of open finance and how it can help regions and countries cushion the effects of a post-pandemic economy
- how the company can drive greater inclusion for the gig economy
- the recent seven figure seed round which was oversubscribed, and funds raised at a post-money valuation of more than 20 times its pre-seed valuation in November 2020
- the expansion plans moving forward
Guest: Diego Rojas, CEO and Co-founder of Finantier
Host: Brian Fernandez
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