Salt Edge Inc.

others

FOUNDING YEAR: 2013
LOCATION:
Last Update: 05/07/2020

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About

Salt Edge Inc is expertized in FinTech and APIs. Company’s aim is to innovate financial sector and create an open financial market place based on APIs. Salt Edge service range covers all the layers of work between a financial institution and end customer: Priora - a PSD2 and Open Banking Solution, which includes AISP/PISP APIs for banks, added-value APIs such as Digital Identification and workshops on banking strategy building in post PSD2 digital world. Spectre - unified API layer for Data Aggregation and Enrichment, with a coverage of 2500+ financial institutions in 50+ countries. Fentury - White Label Banking Solution, which includes retail, kids, wealth management and business banking solutions, end-customer analytics and marketing platform for personalized offers.

MEDICI Analysis

Salt Edge Inc is expertized in FinTech and APIs. Company’s aim is to innovate financial sector and create an open financial market place based on APIs. Salt Edge service range covers all the layers of work between a financial institution and end customer: Priora - a PSD2 and Open Banking Solution, which includes AISP/PISP APIs for banks, added-value APIs such as Digital Identification and workshops on banking strategy building in post PSD2 digital world. Spectre - unified API layer for Data Aggregation and Enrichment, with a coverage of 2500+ financial institutions in 50+ countries. Fentury - White Label Banking Solution, which includes retail, kids, wealth management and business banking solutions, end-customer analytics and marketing platform for personalized offers.

Focus

PRODUCTS & SERVICES

Priora - a PSD2 and Open Banking Solution, which includes AISP/PISP APIs for banks, added-value APIs such as Digital Identification and workshops on banking strategy building in post PSD2 digital world. Spectre - unified API layer for Data Aggregation and Enrichment, with a coverage of 2500+ financial institutions in 50+ countries. Fentury - White Label Banking Solution, which includes retail, kids, wealth management and business banking solutions, end-customer analytics and marketing platform for personalized offers.

REVENUE MODEL

Spectre data aggregation API has a set up fee and a monthly fee based on the number of connected end customers. White label banking is on premise solution and has a set up fee, yearly maintenance fee. Priora PSD2 solution has a set up fee and a fee per each transaction made.

PRIMARY PROBLEM SOLVED

1) Provide a solution for PSD2, which requires a major IT update for each bank in EU. Create a unified API layer for seamless connection with all AISP/PISP APIs across EU with a single API call 2) Unified API layer for data aggregation and enrichment, which allows to provide a 360 degree of end customer financial life, improve credit scoring based on transactions spending, facilitate KYC, etc. 3) White label banking, which helps banks to innovate their retail banking mobile apps and have a daily interaction with their end customers

Traction

REVENUE

$100k - $499k in 2017

REVENUE COMMENT:

Data aggregation services are in high demand on the market right now. We get at least 10 new demo request for the API on a weekly basis.

ACTIVE USERS:

50,000 Million in 2017

ACTIVE USERS COMMENT:

The above numbers are for Spectre API only. Priora PSD2 solution and Fentury white label banking go live with first bank in Latvia in December 2017.

People

FOUNDERS

Dmitrii Barbasura

NUMBER OF EMPLOYEES

51-200

Momentum

FUNDED

NO

LISTED

NO

For Investors

BASICS

FOUNDING YEAR:

2013

LOCATION:

Views:

71 VISITORS | 121 VIEWS
TOTAL EMPLOYEES
51-200

About

Salt Edge Inc is expertized in FinTech and APIs. Company’s aim is to innovate financial sector and create an open financial market place based on APIs. Salt Edge service range covers all the layers of work between a financial institution and end customer: Priora - a PSD2 and Open Banking Solution, which includes AISP/PISP APIs for banks, added-value APIs such as Digital Identification and workshops on banking strategy building in post PSD2 digital world. Spectre - unified API layer for Data Aggregation and Enrichment, with a coverage of 2500+ financial institutions in 50+ countries. Fentury - White Label Banking Solution, which includes retail, kids, wealth management and business banking solutions, end-customer analytics and marketing platform for personalized offers.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Salt Edge Inc is expertized in FinTech and APIs. Company’s aim is to innovate financial sector and create an open financial market place based on APIs. Salt Edge service range covers all the layers of work between a financial institution and end customer: Priora - a PSD2 and Open Banking Solution, which includes AISP/PISP APIs for banks, added-value APIs such as Digital Identification and workshops on banking strategy building in post PSD2 digital world. Spectre - unified API layer for Data Aggregation and Enrichment, with a coverage of 2500+ financial institutions in 50+ countries. Fentury - White Label Banking Solution, which includes retail, kids, wealth management and business banking solutions, end-customer analytics and marketing platform for personalized offers.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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Salt Edge Inc.

About

Salt Edge Inc is expertized in FinTech and APIs. Company’s aim is to innovate financial sector and create an open financial market place based on APIs. Salt Edge service range covers all the layers of work between a financial institution and end customer: Priora - a PSD2 and Open Banking Solution, which includes AISP/PISP APIs for banks, added-value APIs such as Digital Identification and workshops on banking strategy building in post PSD2 digital world. Spectre - unified API layer for Data Aggregation and Enrichment, with a coverage of 2500+ financial institutions in 50+ countries. Fentury - White Label Banking Solution, which includes retail, kids, wealth management and business banking solutions, end-customer analytics and marketing platform for personalized offers.

Focus

PRODUCTS & SERVICES

Priora - a PSD2 and Open Banking Solution, which includes AISP/PISP APIs for banks, added-value APIs such as Digital Identification and workshops on banking strategy building in post PSD2 digital world. Spectre - unified API layer for Data Aggregation and Enrichment, with a coverage of 2500+ financial institutions in 50+ countries. Fentury - White Label Banking Solution, which includes retail, kids, wealth management and business banking solutions, end-customer analytics and marketing platform for personalized offers.

REVENUE MODEL

Spectre data aggregation API has a set up fee and a monthly fee based on the number of connected end customers. White label banking is on premise solution and has a set up fee, yearly maintenance fee. Priora PSD2 solution has a set up fee and a fee per each transaction made.

TOP PROBLEM SOLVED

1) Provide a solution for PSD2, which requires a major IT update for each bank in EU. Create a unified API layer for seamless connection with all AISP/PISP APIs across EU with a single API call 2) Unified API layer for data aggregation and enrichment, which allows to provide a 360 degree of end customer financial life, improve credit scoring based on transactions spending, facilitate KYC, etc. 3) White label banking, which helps banks to innovate their retail banking mobile apps and have a daily interaction with their end customers

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

KEY DIFFERENTIATORS

Spectre Data Agregation API (AISP) is live with over 2500 in over 50 countries worldwide, having the biggest coverage on the market.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

People

FOUNDERS

Dmitrii Barbasura

NUMBER OF EMPLOYEES

51-200

KEY EMPLOYEES:

CEO, FOUNDER: Dmitrii Barbasura

CTO: Andrei Lisnic

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES