FinLeap partners with open banking platform Fabrick to launch Beesy

FinTech startup builder FinLeap has partnered with open banking and FinTech services platform Fabrick to launch a new company in Italy.

Beesy is a digital financial management solution designed to simplify accounting, tax and banking services for micro enterprises and freelancers.

The application will enable clients to create invoices and charge expenses, as well as manage accounting processes, incoming deadlines and incoming payments. The service will also offer communications with any accountants or its team of experts.

By connecting an account with Beesy, the customer can check the progress of their business, whether thy have a pending F24, or make a bank transfer.

FinLeap is a company builder for FinTechs, and has developed 14 other ventures, including online banking platform solarisBank. The company offers startups with support in designing a new product and also can inject between €500,000 and €5m equity to help.

Italy-based Fabrick creates FinTechs and solutions that help the digital transformation of banks and financial operators. The company is built upon two elements, Fabrick Platform is the open banking platform which fosters digitalisation and its Ecosystem, which aggregates all actors involved.

Fabrick CEO Paolo Zaccardi said, “Thanks to the venture with FinLeap, a leading European player in our industry, the benefits of Fintech solutions will be accessible to everyone. Micro enterprises contribute significantly to value creation in Italy, but have so far been excluded from a number of banking services. Beesy offers banks a new distribution channel to fill this gap.”

FinLeap founder Ramin Niroumand believes this joint venture will support the company’s internationalisation. Last year, FinLeap launched an office in Milan, and currently has 20 employees and a goal of reaching 40 by the end of the year.

Copyright © 2018 RegTech Analyst

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