API Banking

What API Banking does

API Banking, operated by SPLICEFORMS Enterprise Solutions and founded in 2022 in India, is a developer-first infrastructure platform aimed at financial institutions, fintechs, and technology providers that need to expose and consume APIs in open and embedded banking ecosystems. The company positions itself around translating "complex financial infrastructure into simple code," targeting the well-documented pain point of inadequate developer infrastructure inside banks building partner ecosystems. The team of four publicly listed members combines financial-services domain experience (Deutsche Bank, Oracle Financial Services, RBL Bank, Bain & Company) with developer-execution backgrounds, led by founder Akhilesh Kataria, formerly of Quantiguous (acquired by Deutsche Bank).

The platform is built as three interconnected products: an API Factory and Developer Experience Platform as the core offering (SDKs across languages, embeddable multi-channel UI elements, integration consoles, sandboxes, governance standards, security and compliance frameworks, and connectors); a Partner Portal for end-to-end partner lifecycle management covering on-boarding, knowledge centre, data room, configuration, project and test data management, monitoring dashboards, and incident and off-boarding workflows; and a Docs Platform and Developer Portal for authoring, publishing, and maintaining API reference documentation, available as multi-tenant SaaS or deployable on Microsoft Azure. Technology is delivered as a connector-based architecture with API governance and security frameworks rather than as a regulated banking rail, and the platform itself exposes Python SDKs alongside broader language coverage.

The business model is enterprise B2B SaaS with quote-based annual subscriptions, sold via direct enterprise engagement (Contact Us/Request Demo CTAs) and delivered either as cloud SaaS or as an Azure-hosted deployment. Customers are segmented by vertical, with banks as the primary segment, fintechs and technology providers as secondary. Go-to-market relies on enterprise field sales paired with developer-relations content (Substack blog, developer portal as both product and channel). No funding rounds, ARR, contract values, customer counts beyond a single named testimonial from a "leading Indian private bank," or institutional investors are disclosed in the source material.

Name

API Banking

Legal name

SPLICEFORMS Enterprise Solutions

Website

https://apibanking.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Open Banking API Platform

akta.pro primary industry

Open Banking APIs & Connectivity (FSAMAFAA)

akta.pro secondary industries

Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ), API Documentation & Developer Portals (BPAMAOAH), API Management & Gateways (BPAMAOAA), Payment Gateways & API Connectivity (FSAGABAB)

Keywords

• Open banking APIs
• Developer experience platform
• Embedded banking infrastructure
• API integration tools
• Partner lifecycle management

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Platform/SaaS Licensing: API Banking offers its platform as SaaS or deployable on MS Azure. The company provides developer tools, documentation platforms, and partner management portals that financial institutions license to improve their API and partner integration infrastructure. Revenue appears to be generated through platform licensing and professional services for implementation.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

API Banking provides a developer-first platform for financial services API integration, offering SDKs across client and server languages, embeddable UI elements, integration consoles, innovation sandboxes, and sample applications. The platform enables financial institutions, fintechs, and technology providers to deliver partner integration experiences, manage partner lifecycles, and publish developer-grade API documentation.

Product overview

API Banking is a unified platform comprising three interconnected products: the API Factory and Developer Experience Platform as the core offering, supplemented by the Docs Platform and Developer Portal for documentation management and the Partner Portal for partner relationship management. Together, these products enable financial institutions, fintechs, and technology providers to build, document, and manage API ecosystems with comprehensive developer tools, low-code components, partner onboarding workflows, and governance standards.

Differentiator

Problem solved

Functional benefit

Products and services

• API Factory and Developer Experience Platform The core platform providing developer tools and low-code components for building API banking experiences. It includes governance standards for API design, security and compliance features, and frameworks and connectors for orchestration. Designed for financial institutions, fintechs, and technology providers.
• Partner Portal Partner Relationship Management Portal offering a modern end-to-end experience for ecosystem partners. Features include on-boarding workflows, knowledge center, data room, configuration management, project management, test data management, review and monitoring, incident management, and off-boarding capabilities. The portal can be uniquely customized to meet specific partner set needs.
• Docs Platform and Developer Portal A modern, intuitive, scalable developer-focused platform for authoring, publishing, and maintaining API documentation. Available as SaaS or deployable on MS Azure, featuring access control, user feedback capture, micro front ends, and high scalability for large-volume reference content. Designed for financial institutions seeking smart, concise, intuitive, and searchable developer documentation.

Quantifiable outcome

• Drastically reduced support effort towards partner integrations and lowered documentation-related costs (per customer testimonial from leading Indian private bank)

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Yapily: Yapily offers an open banking API platform enabling account aggregation and payment initiation across European banks, with developer documentation and APIs. Comparable as a direct competitor in open banking connectivity infrastructure.
• TrueLayer: TrueLayer provides open banking APIs (account information, payment initiation) to banks, fintechs and merchants, with a developer-first platform including SDKs, sandbox, and docs. Highly comparable as a specialist open banking connectivity provider.
• Plaid: Plaid provides bank account connectivity and financial data APIs used by fintechs and banks, with extensive developer tools. Comparable as a developer-first bank connectivity platform serving fintechs and financial institutions.
• ReadMe: ReadMe is a SaaS developer hub and API documentation platform offering customizable docs, try-it consoles, and usage analytics. Closely comparable to API Banking's Docs Platform and Developer Portal product.
• Stoplight: Stoplight provides API design, documentation, and governance tooling with an OpenAPI-first workflow. Comparable to API Banking's API Factory governance and documentation modules.

Broad incumbents

• MuleSoft (Salesforce): MuleSoft is a broad enterprise API and integration platform (iPaaS) widely sold into banks. Comparable as a deep-pocketed incumbent in API management, governance, and integration that competes for the same financial-institution buyers.
• Kong: Kong provides an API gateway and service mesh used in financial services for API connectivity and governance. Comparable as an incumbent infrastructure layer that overlaps with API Banking's API connectivity and governance scope.
• Google Apigee: Apigee is Google's enterprise API management platform with strong bank adoption. Comparable as a broad incumbent in API gateway, governance, and developer portal offerings that overlaps with API Banking's core platform.
• Postman: Postman is a broad API development and documentation platform used across industries including financial services. Comparable as a horizontal incumbent offering API docs, governance, and collaboration tooling that overlaps with API Banking's product surface.

Emerging players

• Mintlify: Mintlify is a modern developer documentation platform with AI-assisted authoring, used by developer-first SaaS companies. Comparable as an emerging alternative for the API documentation layer of API Banking's stack.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/apibanking

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 API Banking