Fizen
Open banking integrator for CEE.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 Valuation: €0.0 | round | |
| N/A | €0.0 Valuation: €0.0 | round | |
* | €530k | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 313 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Fizen is a fintech startup that specializes in providing advanced financial solutions to businesses, particularly in the Polish market. The company leverages open banking technology to offer a range of services that streamline financial operations for its clients. These services include debt collection, asset management, cash loans, mortgages, payment initiation, and identity verification.
Fizen primarily serves financial institutions, lenders, and other businesses that require efficient financial management tools. By integrating with 19 Polish commercial banks and participating in the creation of Polish API standards, Fizen ensures seamless connectivity and data exchange between banks and its clients. This integration allows businesses to quickly and accurately assess the financial health of their customers, make informed lending decisions, and manage transactions effectively.
The business model of Fizen revolves around providing these financial services through APIs (Application Programming Interfaces), which are sets of rules that allow different software systems to communicate with each other. By offering these APIs, Fizen enables its clients to incorporate advanced financial functionalities into their own applications within just a few days, rather than the years it would typically take to develop such integrations from scratch.
Fizen makes money by charging fees for access to its APIs and the services they enable. This includes fees for initiating payments, verifying identities, assessing creditworthiness, and managing transactions. The company also generates revenue through custom open banking integrations and consultancy services for businesses looking to optimize their financial operations.
In summary, Fizen is a key player in the Polish fintech market, providing essential financial tools that save time and money for businesses. Its innovative use of open banking technology and strong partnerships with local banks make it a valuable resource for companies looking to enhance their financial services.
Keywords: fintech, open banking, APIs, debt collection, asset management, cash loans, mortgages, payment initiation, identity verification, Poland.