Increases $ 21 million to build AWS for Fintech infrastructure

If you talk to a Fintech entrepreneur of their work, you will put an end to talking about book booklets at some points.

A Ledger is a record of money that serves as a source of truth for financial assets, but when a company has begun to be multiple banking accounts, there may be a headache to manage payment processors and funds between discrete services. Most companies dedicate engineering resources to set up their books to solve it.

French starting has tried to capitalize this need with a programmable financial booklet that can be a programmable financial manual, which is a clear source, programmable financial booklet, and all assets in your accounts. Now this product serves as a spinal for a wider, more ambitious infrastructure game.

“In 2024 and even earlier, we were mainly focused on the ledger. And then with other modules of a book – part of the reconciliation, for example, payments, etc. Joint founder and CTO Clément Salain Techcrunch told Techcrunch.

The form currently offers five products: In addition to Ledger, there is a connection platform to connect financial providers using an API; Orchestrate payments to transfer money between money and payment providers; and reconciliation.

It also works on a mass payment product for other companies that need to leave both the payment. Developers can now manage programs programatically using striped, adyen or mangopay, but the formation, but wants to build a secondary program working in several providers.

The company recently led a number of $ 21 million Paypal businesses and Portage. Existing investors are also included in Y Combinator, Hoxon Enterprises and Axeleo.

A platform game

Starting, I think that it is worth a service to submit a modular platform similar to the Amazon Web Services: Customers can use a service, but more efficient if you keep your whole cloud infrastructure at home under the same roof.

“We will release a number of other modules, especially in the financial transactions,” he said. “We will go further for exports for accounting.

At the same time, the team wants to provide integration expenses as low as possible for customers if they want to add another module.

“If you receive three Saas products to handle these, you spend $ 150,000 in three products and $ 150,000 in the interior glue to connect them together,” Salain said. “Financial infrastructure can be a company that can be a company that can really be a company with $ 10 million (annual repetitive income). However, this is a game that can help you can help more than this.”

Larger Fintech companies like Stript also offer many Fintech infrastructure services, but creativity wants to stay independent. It does not process the payments, and this does not hold customers’ money.

The company claims that 20 of this is about 20 clients in the United States, according to the hall, these two clients make up 40% of their start revenue. Other customers include library, dctolysis, liberis and shares.

The bank plans to open an office in New York, which is $ 21 million in New York and hire a market team there. He also wants to save engineering and product groups to increase engineering and product groups to 20-50 employees by the end of 2025.