Finpace

What Finpace does

Finpace is an AI-first banking software company founded in 2024 that provides a modular core banking platform and AI orchestration layer to financial institutions across emerging markets. Its flagship product, Halcyon, is an AI-native core that places an AI layer at the center of the banking system, enabling intent-driven orchestration of accounts, lending, payments, and compliance workflows without traditional code-heavy development cycles. The company complements Halcyon with Finpace Core (a headless, API-first system of record built on contract-first OpenAPI 3.0 design with Zeebe/BPMN 2.0 workflow orchestration), three AI Hub products (MCP Bridge, Agent UI, and AI Shield for governed agent actions), and domain modules covering lending origination/servicing, digital wallets, agent banking, card issuing, and crypto/digital assets. Specialized offerings include the Sharia-AI Credit Engine (SACE) for Islamic microfinance and the Nour AI assistant for multilingual Islamic finance guidance.

The company serves banks, neobanks, microfinance institutions, credit unions, wealth managers, telecom operators, and fintech challengers, with named deployments across Sierra Leone, Kenya, Nigeria, Mauritius, Lebanon, Ghana, Mauritania, Ethiopia, UAE, KSA, Hong Kong, and the United States. Notable end-customer reach includes over 12 million customers served via the Quara/Al Majd Initiative in KSA, 50,000+ micro-entrepreneurs via Mauritanian Islamic microfinance, and a target of 200,000 users for the Cedar Oxygen Lebanon neobank. The company holds PCI DSS and ISO 27001 certifications and integrates with Visa, Mastercard, UnionPay, Fireblocks, REAP, M-Pesa, MTN MoMo, Orange Money, Airtel Money, Wave, Jumio, Absher, Nafath, Paytop, and Refinitiv.

Finpace operates from offices in Dubai (HQ), Nairobi, and Addis Ababa, and distributes its platform through direct enterprise sales, white-label/OEM licensing, and regional channel partners. Its revenue model combines SaaS subscriptions, platform licensing (including on-premise and source-code delivery), and implementation/professional services on multi-year contracts. The legal entity is Finpace Technology, governed under UK jurisdiction. No public funding rounds, parent company, or acquisition activity are disclosed, consistent with a founder-led private company in early scaling phase.

Name

Finpace

Legal name

Finpace Technology

Website

https://finpace.tech

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Finpace is an AI-first banking software company offering a modular core banking platform with AI-native orchestration for banks, neobanks, MFIs, and fintech challengers across MENA, Africa, and emerging markets.

Ownership category

akta.pro rank

Product category

Core Banking Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Commercial Banking (522110)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)

Keywords

• Core banking platform
• AI-native banking software
• Digital banking infrastructure
• Lending engine software
• Neobank platform

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription: Finpace is offered as a Software-as-a-Service solution where the platform is hosted, managed, and updated by the vendor. Institutions deploy quickly, avoid large upfront infrastructure investments, and scale on demand through subscription-based pricing with automatic upgrades and remote accessibility.
2. Platform Licensing: Flexible delivery models including managed cloud, on-premise deployment, source code delivery, and hybrid deployment options. Institutions can choose deployment approaches based on their regulatory and operational requirements.
3. Implementation and Professional Services: End-to-end delivery including scoping, configuration, environment setup, and integrations required for go-live. Support continues after launch with structured paths for upgrades and incremental rollout.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Finpace provides an AI-first core banking software platform comprising Halcyon (an AI-native orchestration layer) and Finpace Core (a headless, API-driven core banking system of record). The platform enables banks, neobanks, microfinance institutions, fintechs, and other financial institutions to launch, configure, and scale digital banking products including accounts, wallets, payments, lending, card issuance, and digital asset services. Delivery models include SaaS, managed cloud, on-premise, source code, and hybrid deployments, with built-in compliance, KYC/KYB, lending lifecycle, and Sharia-compliant capabilities.

Product overview

Finpace is an AI-first banking software company offering a modular platform-plus-modules architecture. The core products are Halcyon (AI Native Core) and Finpace Core (headless API-driven core banking system). Halcyon serves as the AI orchestration layer enabling intent-driven banking without traditional development cycles, while Finpace Core provides the foundational system of record for accounts, payments, lending, and compliance. The platform includes AI Hub products (MCP Bridge, Agent UI, AI Shield) for governed AI interactions; domain modules (Party/Customer Model, Product Factory, Accounts, Payments, Lending Origination/Servicing, Cases/Documents, Notifications); specialized modules (Sharia-AI Credit Engine, Nour AI Assistant, Digital Wallet, Agent Banking, Card Issuing, Crypto); and implementation guides for retail, business, SME lending, and consumer lending. Delivery options include SaaS, managed cloud, on-premise, source code, and hybrid deployments.

Differentiator

Problem solved

Functional benefit

Brands

• Halcyon: AI-native core banking platform that places an AI layer at the center of core banking, enabling intent-driven orchestration and real-time adaptability for financial institutions.
• Sharia-AI Credit Engine (SACE)

Products and services

• Halcyon AI-driven orchestration layer placed at the center of the core banking system. Connects directly to enterprise data and workflows, interprets business intent, orchestrates governed actions, and enables institutions to extend banking functionality through AI-driven orchestration while maintaining governance and accountability.
• Finpace Core Modern, API-first headless core banking foundation built for scale and speed. Provides system of record capabilities supporting high-throughput real-time processing, configurable onboarding and compliance workflows, unified customer and account views, and extensible product capabilities across accounts, wallets, and lending.
• Lending Engine End-to-end lending stack covering origination, decisioning inputs, servicing, collections, risk and portfolio health, and reporting. Supports installment loans, group lending, revolving credit, BNPL with automated repayment logic, SME loans, and agricultural lending.
• White-Label Mobile Banking Applications White-label iOS and Android mobile applications that financial institutions can fully brand and customize, including interface design, navigation, and user experience.
• Digital Wallet Infrastructure Scalable digital wallet supporting cash in/out via agents, mobile money interoperability, USSD capability, and multi-currency support.
• Agent Banking Module Module for onboarding, managing, and monitoring agents through a centralized portal with hierarchy structures, commission tracking, and real-time settlement.
• Card Issuing and Management Physical and virtual card issuing and management under institution's own brand, connected to Visa, Mastercard, and UnionPay networks.
• Crypto and Digital Assets Module Optional crypto module enabling institutions to provide customers with secure, compliant access to hold, send, and exchange digital assets alongside fiat accounts, with integration to custodial and liquidity providers.
• Sharia-AI Credit Engine (SACE) AI-powered credit engine for Islamic microfinance evaluating profit potential and business integrity using diverse data sources including mobile money transactions, utility payment histories, and satellite-verified business activity. Generates dynamic Riba-free profit-sharing models for Mudarabah and Murabahah.
• Nour AI Assistant AI-powered assistant delivering multilingual guidance on Islamic finance principles, repayment scheduling aligned with income cycles, and personalized financial education for microfinance customers.
• AI-Powered Workflow Automation Platform for Advisors AI-powered workflow automation for financial advisory firms, automating client onboarding tasks including data gathering, form population, e-signatures, and CRM synchronization. Converts PDFs to mobile-friendly webforms with auto-prefill, one-pass signature collection, and built-in compliance features.

Quantifiable outcome

• Loan approval times reduced from 72 hours to under 15 minutes
• +4 more outcomes

Named customers10 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration20 records

AI capability14 records

Feature12 records

Partnerships

15 partnerships are on record, tiered core and strategic.

• FireblockscoreTechnology or Integration · 1 January 2024Integration partner for crypto custody services. Finpace connects to Fireblocks for custodial wallet infrastructure enabling secure management of crypto assets within the platform.
• REAPcoreTechnology or Integration · 1 January 2024Credit card issuance partner. Finpace integrates with REAP enabling institutions to issue and manage physical and virtual cards connected to core accounts.
• VisacoreTechnology or IntegrationCard network integration enabling physical and virtual card issuing and management through Visa network connections.
• MastercardcoreTechnology or IntegrationCard network integration enabling physical and virtual card issuing and management through Mastercard network connections.
• UnionPaycoreTechnology or IntegrationCard network integration enabling physical and virtual card issuing and management through UnionPay network connections.
• M-PesacoreTechnology or IntegrationMobile money integration enabling interoperability between digital accounts and M-Pesa cash ecosystems across African markets.
• MTN MoMocoreTechnology or IntegrationMobile money integration enabling interoperability between digital accounts and MTN MoMo cash ecosystems.
• Orange MoneycoreTechnology or IntegrationMobile money integration enabling interoperability between digital accounts and Orange Money cash ecosystems.
• Airtel MoneycoreTechnology or IntegrationMobile money integration enabling interoperability between digital accounts and Airtel Money cash ecosystems.
• WavecoreTechnology or IntegrationMobile money integration enabling interoperability between digital accounts and Wave cash ecosystems in West Africa.
• PaytopstrategicTechnology or IntegrationRemittance partner for Lebanon neobank enabling diaspora transfer services directly to users' digital wallet balances.
• RefinitivstrategicTechnology or IntegrationCompliance partner providing regulatory compliance infrastructure for the Lebanon neobank platform.
• AbshercoreTechnology or IntegrationSaudi national identity platform integration for automated KYC/KYB onboarding and regulatory compliance in KSA.
• NafathcoreTechnology or IntegrationSaudi national identity platform integration for automated onboarding and regulatory compliance in KSA and UAE.
• JumiostrategicTechnology or IntegrationIdentity verification partner providing automated onboarding and document verification for KYC compliance.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mambu: Mambu provides a composable, cloud-native core banking and lending platform targeting neobanks, fintechs, and incumbent financial institutions. It is the closest direct competitor to Finpace Core on the SaaS core-banking side, especially in emerging markets.
• Marqeta: Marqeta provides modern card-issuing and payment processing infrastructure used by fintechs and banks. Finpace's card-issuing module (Visa/Mastercard/UnionPay via REAP) competes for similar workloads at the issuer side.
• Engine by Starling: Engine by Starling is a BaaS / banking software business spun out of Starling Bank, offering core and ledger technology to other banks and fintechs. It competes for similar white-label, API-first deals targeted by Finpace.
• Modulr: Modulr (part of the NatWest Group) provides embedded payments and BaaS infrastructure for UK and European fintechs. Comparable to Finpace on the embedded account/payments layer powering digital wallets and neobanks.
• Solaris SE: Solaris is a regulated European Banking-as-a-Service platform providing core and embedded finance infrastructure. Comparable to Finpace's embedded digital-wallet and BaaS-style offering for fintechs building bank-like products.
• Backbase: Backbase provides an engagement banking platform that sits on top of legacy cores to deliver digital banking experiences. It overlaps with Finpace on the digital-channel and AI-runtime layer, especially for incumbents modernizing the customer experience.
• 10x Banking: 10x Banking offers a cloud-native core banking and digital banking platform for incumbent banks and fintechs. Comparable to Finpace's white-label offering and focused on similar Tier-1 bank transformation opportunities.
• Galileo Financial Technologies: Galileo (a SoFi company) provides payment processing and core banking infrastructure (accounts, cards, money movement) for fintechs and banks. Directly comparable to Finpace's payment orchestration, card issuing, and account ledgering capabilities.
• Thought Machine: Thought Machine's Vault platform is a cloud-native core banking system serving Tier-1 banks and challenger banks. It competes head-to-head with Finpace for large enterprise core modernization deals and shares a similar API-first, headless architecture.

Broad incumbents

• Temenos: Temenos is a long-established broad banking software suite (core, digital, analytics) for retail, SME, and private banks. Overlaps with Finpace on core banking, lending, and digital channels but at much larger installed base and slower modernization cycle.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finpace