Finverse Technologies: Powering Asia’s Open Banking Revolution
In an increasingly digital financial world, real-time access to financial data is no longer a luxury — it’s a necessity. Finverse Technologies, a Hong Kong-based fintech startup, is stepping up to build the missing infrastructure that connects banks with modern financial apps and workflows across the Asia-Pacific region.
Founded in 2020, Finverse is becoming the backbone of open banking and embedded finance in a region known for its fragmented systems and regulatory complexity.
Founder Spotlight: Stephane Lesaffre
Stephane Lesaffre, the founder and CEO of Finverse, brings deep experience in financial data systems. While at NerdWallet, he led integrations with global open banking giants like Plaid and Yodlee — gaining firsthand insight into the challenges of multi-bank connectivity.
His mission with Finverse? To simplify access to bank data and payments for developers and businesses across Asia.
🔗 Stephane Lesaffre – LinkedIn
Company at a Glance
Name: Finverse Technologies
Founded: 2020
HQ: Hong Kong
Team Size: ~10 (as of 2025)
Industry: FinTech, Open Banking, Embedded Finance
Target Audience: SME lenders, payroll firms, ERP providers, fintech startups, and remittance platforms
The Core Offering: APIs That Power Financial Innovation
Finverse provides two flagship APIs that simplify how businesses interact with banks:
1. Bank Data API
Enables secure, real-time access to:
Account balances
Transaction history
Bank statements
KYC identity checks
Perfect for:
Lending decisions
Personal finance apps
Risk assessments
Income verification
2. Collect API
Designed for payment automation:
One-time and recurring direct debit
Local clearing integration (e.g., eGIRO, FPS)
ERP automation (e.g., Xero integration)
Used for:
Automating customer billing
Payroll processing
Subscription management
Market Presence & Expansion
Finverse currently operates in:
Hong Kong
Philippines
Singapore
Vietnam
Upcoming market entries:
Malaysia
Indonesia
Coverage: 40+ financial institutions and 20,000+ connected bank accounts
Goal: 75%+ market coverage in each country
Real-World Use Cases
Here’s how Finverse is already delivering value:
Flexi Group: Enabled automatic payments for recurring subscriptions
Provenir: Improved credit risk models by 40% using bank-level data
Xero Integration: Simplified reconciliation for SMEs with direct bank data
Other applications:
Tenant screening
eKYC and AML compliance
Payroll processing
Cross-border remittance validation
Business Model
Finverse uses a SaaS + usage-based pricing structure:
Monthly subscription for API access
Charges based on:
Number of API calls
Volume of transactions
Active account connections
Flexible enough to serve early-stage fintechs and large financial institutions alike.
Competitive Advantage
In a landscape with players like Brankas, Ayoconnect, and Finology, Finverse stands apart with:
Dual APIs for data and payments
Developer-first design and documentation
Localized infrastructure tailored to APAC markets
Focus on B2B workflows, not just consumer finance
Funding Snapshot
Total Raised: ~$1.8 million
Stage: Seed
Lead Investor: FEBE Ventures
Other Backers: Golden Gate Ventures, SixThirty, Venturra Capital
Angels: Investors from TrueLayer and other global fintechs
The Bigger Opportunity
The Asia-Pacific fintech market is expected to exceed $500B, with open banking adoption growing at 20%+ CAGR through 2030. Finverse is poised to become the API infrastructure layer that powers this next wave of financial innovation.
🔗 Learn More
www.finverse.com
LinkedIn – Finverse Technologies
Email: hello@finverse.com
Careers – Join the Team
Final Thoughts from Expertifi
As startups and enterprises race to embed financial services into their products, infrastructure players like Finverse are becoming mission-critical. By tackling the complexity of regional banking systems and delivering developer-friendly APIs, Finverse is quietly laying the foundation for a more connected and efficient financial ecosystem in Asia.