Floid
Floid is a Latin American Open Finance API platform enabling account-to-account payments, automated reconciliation, and financial data aggregation from 100+ banking and government sources. It serves banks, fintechs, insurers, lenders, and large enterprises across Chile, Peru, and the United States.
- Company typePrivate
- Founded2019
- HeadquartersLas Condes, Chile
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Floid does
Floid is a Latin American Open Finance platform founded in 2019 and headquartered in Santiago, Chile, providing unified API infrastructure for payment initiation (account-to-account), payment disbursement, automated reconciliation, bank account validation, consent management, and financial data aggregation. The platform connects to 100+ banking and non-banking data sources in real time, including Chilean government registries (Civil Registry, CMF for debt records, SII for tax data), bank APIs, and Open Banking income data. It serves banks, fintechs, insurance companies, lenders, and large enterprises with high transaction volumes across Chile, Peru, and the United States. Floid was incorporated in Delaware as Floid Inc. and acquired by London-based payment gateway PayModum in May 2026, with the operating brand Floid Chile continuing to serve the LatAm market.
The underlying technology is a single API platform backed by ISO 27001 certification (the first Open Finance fintech in Latin America to obtain it), AES-256 encryption, OAuth/JWT authentication, and a 99.9% API availability SLA with a 1-day integration window. Product modules are organized into Payments (Iniciación de pagos A2A, Dispersión de pagos, Conciliación de pagos, Validación de cuentas bancarias, Gestor de Consentimientos) and Data Aggregation (API Registro Civil, API CMF, API SII, API de Ingresos, APIs Bancarias y Conciliaciones, Score de Fraude). The consent manager handles active, expired, and revoked consents with versioned T&Cs and full audit trails for regulated enterprises.
The business model is API-first with two revenue streams: per-transaction API fees for payments, data queries, and verification calls, and subscription or usage-based fees for the broader Open Banking platform. Go-to-market is hybrid: a self-serve developer dashboard (dashboard.floid.app) and documentation portal (readme.floid.io) support product-led adoption by mid-market accounts, while direct enterprise sales handle large bank and corporate deployments. The Mastercard Start Path Open Banking partnership functions as a strategic distribution channel. The customer base of 100+ enterprises spans Tier 1 Chilean banks (Banco Estado, Santander, BCI, Scotiabank, Banco de Chile, Banco Falabella, Banco Ripley), fintechs and payment providers (Avla, Sumup, Toku, Movired, Venti), and non-financial corporates (Copec, Chile Pasajes, BST).
Floid firmographics
Firmographics- Name
- Floid
- Legal name
- Floid Inc.
- Website
- https://floid.ai
- Company type
- Private
- Founded year
- 2019
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Floid is a Latin American Open Finance API platform enabling account-to-account payments, automated reconciliation, and financial data aggregation from 100+ banking and government sources. It serves banks, fintechs, insurers, lenders, and large enterprises across Chile, Peru, and the United States.
- Ownership category
- akta.pro rank
Floid industry classification
Industry- Product category
- Open Banking Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI)
- akta.pro secondary industries
- Account Aggregation & Connectivity (Multi-bank linking) (FSAGACAA), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
Keywords
Where Floid is headquartered
LocationHeadquarters
- HQ city
- Las Condes
- HQ country
- Chile
- HQ region
- Latin America
Offices1 record
Markets served
Floid business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- API Transaction Fees: Revenue generated from transaction-based API usage for payment initiation, data aggregation, and identity verification services. Companies pay based on volume of payments processed or data queries made through Floid's APIs.
- Open Banking Infrastructure Services: Subscription or usage-based fees for accessing Floid's Open Banking platform covering payments, data aggregation, reconciliation, and fraud scoring capabilities from a single provider.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Floid product offering
Product offeringCore offering
Floid operates an Open Banking API infrastructure platform enabling businesses in Latin America to initiate account-to-account payments, disburse funds, reconcile bank transactions, validate accounts, manage regulatory consents, and aggregate verified financial, tax, civil registry, and income data. The platform consolidates payment initiation and data aggregation services from 100+ banking and non-banking sources into a single API, with ISO 27001 certified security and 99.9% API availability.
Product overview
Floid is an Open Finance platform offering a unified suite of payment and data aggregation modules for businesses in Latin America. The core payment products include Iniciación de pagos (A2A) for direct bank transfer initiation, Dispersión de pagos for mass disbursements, Conciliación de pagos for automated bank-to-accounting reconciliation, Validación de cuentas bancarias for account ownership verification, and a Gestor de Consentimientos for consent lifecycle management. The data aggregation stack comprises API Registro Civil, API CMF, API SII, API de Ingresos, and APIs Bancarias y Conciliaciones, providing verified real-time data from civil registry, financial regulators, tax authorities, and banks. The Score de Fraude module adds real-time fraud risk evaluation. All services are delivered via a unified API infrastructure with 99.9% API availability, integrating over 100 banking and non-banking data sources across the region.
Differentiator
Problem solved
Functional benefit
Products and services
- Iniciación de pagos (A2A) Account-to-account (A2A) payment initiation service that enables merchants to receive direct bank transfers from any account without users leaving the merchant's flow, with lower transaction fees than card payments. Designed for banks, fintechs, and merchants across Latin America.
- Dispersión de pagos Automated mass payment service that allows businesses to disburse funds to multiple bank accounts simultaneously, connecting directly to bank APIs for supplier payments and user refunds. Built for large enterprises with high-volume payment operations.
- Conciliación de pagos Automated bank reconciliation service that crosses bank transactions with accounting records to accelerate settlement of charges, payments, and bank adjustments with security. Targeted at finance and treasury teams.
- Validación de cuentas bancarias Bank account validation service that verifies account ownership and existence, improving user experience, avoiding errors in refunds, and preventing misdirected money transfers.
- Gestor de Consentimientos Consent management tool for regulated enterprises that administers active, expired, and revoked consents with T&C versioning, alerts, and complete audit trail, ensuring compliance with Open Finance regulations.
- API Registro Civil Civil registry API providing verified demographic data for instant identity validation using official Chilean government (Registro Civil) sources, supporting KYC and onboarding workflows.
- API CMF CMF (Comisión para el Mercado Financiero) API providing access to official Chilean financial debt records for regulatory compliance and credit risk evaluation.
- API SII SII (Servicio de Impuestos Internos) API granting real-time access to Chilean tax data for tax contribution management and compliance with fiscal obligations.
- API de Ingresos Income API that calculates user salary using Open Banking technology, providing verified income data for credit decisions and risk assessment.
- APIs Bancarias y Conciliaciones Banking APIs and reconciliation service that connects to Open Banking to reconcile transactions and accounts automatically, aggregating banking data from 100+ sources.
- Score de Fraude Fraud risk scoring service that evaluates fraud risk of individuals and transactions in real time, serving as a risk indicator that detects fraud with minimal data inputs.
Quantifiable outcome
- 99.9% API availability ensuring stable service for high-volume operations
- +2 more outcomes
Companies that use Floid
Customer profileNamed customers15 records
Segments4 records
Ideal customer profiles3 records
Floid technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature13 records
Floid partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- MastercardcoreMastercard Start Path Open Banking Program partnership - Floid is the first fintech in Latin America selected for this program. The partnership enables Floid to leverage Mastercard's global network and provides credibility for international expansion. The alliance is prominently featured on Floid's website with Mastercard branding and logos.
- Banco EstadocoreIntegration partnership for Open Banking services. Banco Estado is a major Chilean state-owned bank and one of Floid's key customer logos, indicating deep technical integration for payment services and data connectivity.
- SantandercoreSantander is a key banking partner of Floid. Daniela Espinosa, Gerente de Santander Startups, provided a testimonial praising Floid's ability to access updated financial information about clients, enabling better product offerings. Deep integration for startup banking programs.
- BCIcoreBCI is a major Chilean bank integrated with Floid's Open Banking platform. A joint success case was published (August 2025) about consolidating enterprise financial information with the 360 Connect solution.
- ScotiabankcoreIntegration partnership for Open Banking connectivity. Scotiabank is listed as a key customer logo on Floid's website.
- Banco de ChilecoreIntegration with one of Chile's largest banks for Open Banking services and payment connectivity.
- Banco FalabellacorePartnership with Banco Falabella, a major Chilean retail bank, for Open Banking integration services.
- VenticoreJoint success case published in September 2025 featuring Venti and Floid collaborating on payment conversion optimization through direct transfer solutions.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Floid competitors and assessment
Company assessmentDirect peers
- Belvo: Mexico-based Open Banking / A2A payments platform operating across LatAm. Direct competitor to Floid in the same product category (payment initiation + data aggregation) with similar enterprise go-to-market and bank-connectivity model.
- Pomelo: LatAm fintech-as-a-service platform providing issuing, payment processing, and Open Banking connectivity across the region. Overlaps with Floid on data aggregation and payment infrastructure for enterprise clients.
- Yapily: European Open Banking API provider focused on account aggregation and payment initiation for enterprises. Comparable product offering and enterprise GTM, useful as a peer for unit economics and pricing benchmarks.
- Banked: Open Banking A2A payments and data network serving merchants and banks, with presence in LatAm. Direct competitor on A2A checkout and account-to-account rails.
Broad incumbents
- Plaid: Global Open Banking data aggregation and A2A payments leader. While primarily US-centric, Plaid is expanding internationally and represents the global benchmark for the category Floid plays in across LatAm.
- TrueLayer: European Open Banking A2A payments and data aggregation platform serving banks and merchants. Directly comparable on product offering (PIS + AIS) and serves as a useful benchmark for Floid's enterprise trajectory outside LatAm.
- Tink (Visa): European Open Banking platform acquired by Visa, offering account aggregation and payment initiation. Comparable in product surface area and in distribution through a global card network (paralleling Floid's Mastercard relationship).
- MX Technologies: US-based Open Finance platform providing data aggregation, payment connectivity, and financial insights to banks and fintechs. Closely comparable in bundling data + payments for regulated enterprises.
Emerging players
- Finvero (formerly Verifik): LatAm identity verification and KYC provider accessing civil registry, government, and financial data sources. Adjacent peer with overlap on identity validation, KYC, and risk scoring use cases Floid serves in Chile.
Regional players
- Niubiz: Peruvian payment processor and acquirer expanding into digital payment and Open Banking rails in Peru. Comparable regional peer given Floid's stated Peru operations and integrated payment service offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Floid social profiles
Digital presenceFloid compliance and trust
Trust signalCompliance1 record
Floid financial estimates
Financial estimateRevenue estimate
Valuation estimate
Floid leadership team
Management profileNumber of profiles
Profiles3 records
Floid funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Floid M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Floid
What does Floid do?
Floid operates an Open Banking API infrastructure platform enabling businesses in Latin America to initiate account-to-account payments, disburse funds, reconcile bank transactions, validate accounts, manage regulatory consents, and aggregate verified financial, tax, civil registry, and income data. The platform consolidates payment initiation and data aggregation services from 100+ banking and non-banking sources into a single API, with ISO 27001 certified security and 99.9% API availability.
Is Floid a public or private company?
Floid is a private company. It is classified as corporate owned and is currently acquired.
When was Floid founded?
Floid was founded in 2019. It employs 11 to 50 people.
Where is Floid based?
Floid is headquartered in Las Condes, Chile, in the Latin America region.
How does Floid make money?
Two revenue lines are on record. API Transaction Fees are the primary driver. The others are open Banking Infrastructure Services.
Who are Floid's main competitors?
Direct peers on record are Belvo, Pomelo, Yapily and Banked. Broad incumbents are Plaid, TrueLayer, Tink (Visa) and MX Technologies. Finvero (formerly Verifik) is listed as an emerging player. Niubiz is listed as a regional player.
Does Floid have an API?
Yes. Floid offers a public-facing API platform that enables developers to integrate payment initiation (A2A), payment dispersion, payment reconciliation, bank account validation, and data aggregation services including civil registry identity validation, CMF debt records, SII tax data, income verification, and fraud scoring. The API is designed for real-time financial data access, transaction reconciliation, identity validation, and transaction monitoring. Documentation is available at readme.floid.io. Developer documentation is at readme.floid.io.
What industry is Floid in?
Floid's product category is Open Banking Infrastructure. Its primary akta.pro industry code is FSAGACAI, Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation), with a secondary code of FSAGACAA, Account Aggregation & Connectivity (Multi-bank linking). Its NAICS code is 522320 and its SIC code is 6199.