Fable Fintech

Founded in 2015 and headquartered in Mumbai, India, Fable Fintech provides a platform for international transactions.The company offers a comprehensive cross-border payment solutions platform designed for financial institutions and businesses, facilitating faster and more cost-effective international transactions. Their core offerings include a configurable Global Payments SaaS, which serves as a scalable, plug-and-play application compliant with ISO 27001 and GDPR standards. This platform enables banks and licensed financial institutions to manage both inward and outward remittance operations, ensuring fraud prevention and secure technology deployment. The solution supports multi-currency and multi-corridor transactions, addressing the needs of clients such as exchange houses and money service businesses (MSBs).90 and an EBITDA of INR -2,601,748. The company generates revenue through its subscription-based model, where clients engage with the platform to launch branded cross-border payment services for their customers. Financial institutions pay for the usage of the Global Payments SaaS, which includes various functionalities necessary for managing remittance operations. By integrating with an extensive network of payment gateways and regulatory technology products, the company enhances its value proposition for clients involved in both business-to-business (B2B) and direct-to-consumer transactions. The structure of transactions typically involves fees associated with each payment processed through the platform, ensuring clarity in the financial exchanges between the firm and its clients. The company is targeting entry into additional markets in Southeast Asia, aiming for a rollout by late 2023.5 mn will be allocated to develop these new features and support market expansion efforts.

1. Series A

   Apr 29, 2021

   Amount

   $4.3M

   Investors

   Locked