Fable Fintech is a global financial infrastructural SaaS company with leadership teams and dedicated offices that has set its sight on its international business.
The fintech company recently made known its foray into 5 key regions which include the UK, Africa, the US, the Asia Pacific, and the Middle East.
Since start in 2017, Fable has already executed projects for about 36 banks and money transfer operators across 11 countries. As a result, it has successfully processed transactions worth $11 billion in the process.
By 2024, the company is looking at achieving a global process flow of about $40 billion in the wake of the cross-border banking infrastructure business opportunity.
Through inducting marquee talent, Fable is strengthening its team presence across new markets with decades of country experience. Moreover, it is not leaving out its successful career at global financial institutions.
Fable Fintech Global Expansion
The Fintech company is spreading its arms for global reach after proving its effectiveness in the complex remittance-sending and acquiring the Indian subcontinent landscape.
Above all, Fable stands tall for bringing control, profitability, and agility to financial institutions in their payments business.
This helps in reducing systemic inefficiencies and providing end-to-end solutions that are upholding transparency, speed, cost-effectiveness, and interoperability.
While commenting on the global expansion, Naushad Contractor, CEO, Fable Fintech said,
“This step was necessary after well-founded plans and rock-solid results that hold a mirror to our high-performing solution platforms in Africa, Asia, and the Middle East”
Also, “Our dipstick scale of implementations in the United Kingdom and the United States of America”.
Global cross-border payments are an exciting business opportunity with payments volumes expected to cross the $156 trillion mark in 2022.
Moreover, as it is a global company from India and it is expanding its focus to offer the best solutions cross-border to global companies. In the process, it will strengthen its leadership in a fast-evolving landscape.
Fable’s API Hub
The fintech recently launched its API Hub – a plug-and-play platform for open banking adoption.
The API Hub would help banks (financial institutions) to improve the onboarding and integration experience. This will be large and medium corporate banking customers, FX and trade transactions ERP systems, aggregators, and pay-out partners for cross-border.
The company raised its Series-A funding earlier this year from marquee investors, including Pentathlon Ventures, stock market investors Ashish Kacholia & Lashit Sanghvi, and former Wall Street banker Sumeet Kanwar, and participation existing investors PayTM & Infibeam Avenues.
Around 8 million transactions have taken place aggregating to an estimated $14 billion. The platform offers bank-grade security, compliance, and technology compatibility to ease faster go-to-market.
The company is embracing partnerships with other remittance & network companies like Swift, Visa, Mastercard, Ripple, and Western Union.