# Brankas

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brankas

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.brank.as
- Total disclosed funding: $61M
- Latest round: Series B (Jan 5, 2022)
- Investors on record: 8

## About

Brankas is a financial technology company that specializes in open banking solutions and Banking-as-a-Service products, enabling businesses to streamline their financial operations through innovative APIs.Founded in 2016, Brankas is headquartered in Singapore and operates in the financial technology sector, providing services that enhance payment processing and financial transactions. The company has successfully completed 6 deals, with their most recent funding round occurring on January 10, 2022, raising USD 2.8 mn from investors including Visa Inc. and AFG Partners. The founders of Brankas, Kenneth Shaw and Todd Schweitzer, have established a company that aims to redefine financial services through technology.Brankas offers a suite of robust financial technology solutions centered around open banking and Banking-as-a-Service (BaaS) products. Their core offerings include the Direct (Money-in) API, Disburse (Money-out) API, and the Open Finance Suite (API Hub), which empower businesses to streamline payment processing, automate disbursements, and facilitate lending. These APIs enable clients to enhance their financial operations by providing seamless integration for fund transfers, bulk payments, and customized digital banking experiences. Key use cases address the needs of various sectors, including e-commerce, digital lending, and healthcare, by allowing businesses to transform traditional cash transactions into efficient digital processes. Brankas serves a diverse client base across the Asia-Pacific (APAC) and Middle East and North Africa (MENA) regions, with specific markets including the Philippines, Indonesia, Jordan, and Vietnam, catering to both B2B and direct-to-consumer end users.In the most recent fiscal year, Brankas reported a revenue of USD 1,344,846, alongside an EBITDA of USD -7,053,619. The company generates revenue primarily through subscription-based models and transaction fees associated with their API offerings, enabling financial institutions and fintech companies to integrate their services seamlessly into existing systems.Brankas plans to leverage the funding of USD 2.8 mn raised in January 2022 to enhance their product offerings and expand into new markets. The company is focusing on developing additional financial products and APIs aimed at enhancing user experience and efficiency in transactions. Target markets for expansion include further penetration into the Asia-Pacific and Middle East regions, particularly aiming for notable growth in Indonesia and the Philippines by the end of 2023.

## Funding rounds

- Series B, Jan 5, 2022, $19M — BEENEXT, Integra Partners, Bnk To The Future, Insignia Ventures Partners
- Series B, Jan 5, 2022, $19M — Visa Inc., BEENEXT, Integra Partners, Insignia Ventures Partners, Treasury, AFG Partners
- Series B, Oct 28, 2021, $16M — BEENEXT, Insignia Ventures Partners
- Series A, Nov 23, 2020, $6.5M — Plug and Play, BEENEXT, Integra Partners, Bnk To The Future
- Seed, Nov 3, 2017, $0.5M — Plug and Play

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed, Series A
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Series A, Series B
- Integra Partners (https://capitalatlas.ai/funds/integra-partners) — Series A, Series B
- Bnk To The Future — Series A, Series B
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Series B
- Visa Inc. — Series B
- Treasury (https://capitalatlas.ai/funds/treasury) — Series B
- AFG Partners (https://capitalatlas.ai/funds/afg-partners) — Series B