AppBrilliance closes its seed round on $3m

Payments technology platform AppBrilliance has secured more than $3m for its seed round to support the development of its open payments and open banking technology.

The Texas-based startup powers real-time non-custodial open payments and banking services. It claims its technology helps businesses to remove around 75% of the payment processing costs.

Clients can use the platform to securely enable push payments to businesses, giving them better control over their money and financial data.

AppBrilliance CEO and co-founder C. Eric Smith said, “our patented technology is breaking down barriers in the payments and banking space with far reaching implications for both,”.

“With our seamless non-custodial solutions, we enable real-time open-payments ecosystems that allow businesses to move away from expensive debit and credit processors. by combining our patented non-custodial technology for real-time payments with deep account control, we enable trusted business to go beyond what is possible today and save up to 75 percent on payments processing.”

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