What Fable Fintech does

Fable Fintech is a Mumbai-based cross-border payments technology company founded in 2021 (with operating history extending back roughly a decade) that builds infrastructure software for banks, money transfer operators, and payment banks to originate, process, and settle cross-border remittances. The platform spans five named products — DigiRemit (digital remittance engine), Ex-Core (exchange / FX processing), DigiBureau (payout / bureau network), BizPay (business payments), and ConnectX (MTO / exchange-house focused, launched Oct 2025) — operating across 150+ corridors with 40+ deployments in 11 countries, having processed $60Bn+ across 52Mn+ transactions. The technical architecture is anchored on ISO 27001-certified infrastructure and emphasizes compliance, multi-corridor connectivity, and modular integration with bank core systems, allowing Fable to plug into large enterprise banking stacks rather than compete with them.

The business model is enterprise B2B infrastructure: Fable sells software licenses, transaction-based fees, and corridor connectivity to financial institutions, with the unit economics driven by basis-point take rates on processed volume and recurring SaaS/platform fees. Go-to-market is anchored on long-cycle bank procurement, evidenced by the disclosed customer base covering 9 of the top 10 Indian private-sector banks (including Axis, HDFC, ICICI, IDFC First, IndusInd, DCB, Federal, Chartered, BFC, and SBM). The company has expanded beyond its India-only bank base into the US market (Capital Compliance Experts partnership, Nov 2025) and into adjacent operator segments via ConnectX, indicating a deliberate broadening of customer surface from large Indian banks to international banks, MTOs, and exchange houses. Leadership is led by CEO Naushad Contractor and Co-founder & Director Hershel Asmani; the company has raised at least one disclosed round led by Pentathlon Ventures with participation from Infibeam.com, AvenuesAI, and Paytm.

Name

Fable Fintech

Legal name

Fable Fintech

Website

https://fablefintech.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Fable Fintech is a Mumbai-based cross-border payments infrastructure company serving banks, MTOs, and payment banks via a modular platform (DigiRemit, Ex-Core, DigiBureau, BizPay, ConnectX) deployed across 150+ corridors and 11 countries.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Miscellaneous Intermediation (523910)

akta.pro primary industry

Cross-Border Payment Orchestration & Routing (FSAGAKAJ)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)

Keywords

• Cross-border payments
• Remittance platform
• FX deal booking
• Money transfer technology
• Compliance automation

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Platform Licensing/SaaS: Fable provides its cross-border payment platforms (DigiRemit, Ex-Core, DigiBureau, BizPay) to banks and financial institutions as licensed software solutions, enabling rapid deployment (30-day for banks, 15-day for BizPay) with API-ready infrastructure.
2. Transaction Processing: The platform processes remittances and cross-border payments across 150+ corridors, handling approximately ~60Bn+ in total value processed and ~52Mn+ transactions, implying transaction-based revenue.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Fable Fintech builds and licenses an API-first cross-border payment and remittance technology platform sold to banks, money transfer operators (MTOs), exchange houses, and payment banks. The modular product portfolio — DigiRemit, Ex-Core, DigiBureau, BizPay, and ConnectX — covers inbound and outbound remittance processing across 150+ corridors, FX deal booking and management, B2B cross-border payments, and exchange-house middleware, with built-in SWIFT automation, AML/KYC compliance, and maker-checker workflows.

Product overview

Fable Fintech offers a platform-plus-modules architecture for cross-border payments and remittances. The core product portfolio includes DigiRemit (cross-border remittance platform supporting 150+ corridors), Ex-Core (unified remittance and FX management for exchange houses and MTOs), DigiBureau (FX deal booking platform), and BizPay (B2B cross-border payments for SMEs). These products share a unified API infrastructure with pre-built integrations, compliance automation (SWIFT, AML/KYC), and rapid deployment capabilities. DigiRemit is available in Inward and Outward variants, while DigiForex and LastMile address bulk remittance processing needs. The platform serves banks, exchange houses, MTOs, and SMEs with solutions spanning P2P remittance, bulk processing, FX management, and diaspora banking.

Differentiator

Problem solved

Functional benefit

Brands

• DigiRemit: Modern cross-border remittance platform helping banks deliver secure, compliant, and seamless international payments powered by automation, real-time analytics, and advanced compliance tools.
• Ex-Core
• DigiBureau
• BizPay

Products and services

• DigiRemit Modern cross-border remittance platform enabling banks to deliver secure, compliant inbound and outbound international payments with automation, real-time analytics, and advanced compliance tools across 150+ corridors.
• Ex-Core Unified remittance and FX management platform for exchange houses and MTOs, offering full operational control of teller cash, branch FX, retail and corporate remittances, and WPS processing from a single platform with real-time reporting and compliance.
• DigiBureau Purpose-built FX deal booking platform that enables banks to deliver end-to-end FX deal booking at scale for individuals, corporates, and partner banks through a single integrated platform.
• BizPay Cross-border B2B payments platform that enables banks to offer SMEs and corporates cross-border payment solutions with invoicing, self-onboarding, and local payout integration built in.
• ConnectX Middleware platform designed to transform operations of up to 500 exchange houses globally, addressing legacy systems, regulatory compliance, and digital transformation challenges.

Quantifiable outcome

• ~60 Bn+ total value processed
• +5 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• Capital Compliance ExpertscoreImplementation/ SI/ Consulting Partner · 18 November 2025Strategic partnership to enhance cross-border payment infrastructure for U.S. financial institutions. The collaboration leverages Fable's API platform and Capital Compliance Experts' compliance expertise to address regulatory challenges and improve speed, compliance, and cost-effectiveness of cross-border remittances. CCE provides proprietary compliance framework for AML/CFT, licensing preparation, and ongoing employee training.
• SWIFTcoreTechnology or IntegrationSWIFT integration for remittance processing automation with pre-tested integrations and inbuilt 4 Eye, 6 Eye compliance capabilities for SWIFT handling.
• MastercardcoreTechnology or IntegrationFund delivery integration partner for cross-border payment processing.

Scale indicators8 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Currencycloud: Currencycloud (now part of Visa) provides cross-border payments APIs for banks and fintechs, including FX, multi-currency wallets, and payment orchestration. Highly comparable to Fable's DigiBureau and DigiRemit on the bank-side FX and remittance workflow.
• Thunes: Thunes operates a global cross-border payments network connecting banks, mobile wallets, and MTOs across 130+ countries. Highly comparable to Fable's DigiRemit and Ex-Core offerings for banks and exchange houses, and the most direct head-to-head competitor in the bank/MTO cross-border orchestration space.
• TerraPay: TerraPay runs a global money movement network for payouts and collections across 150+ countries, serving banks, MTOs, and mobile wallets. Direct competitor to Fable's DigiRemit and a fund-delivery partner of Fable, making it a critical overlap in target customer and corridor coverage.
• Nium: Nium provides cross-border payments infrastructure (Payouts, Pay-In, Issuing, Banking-as-a-Service) to banks and fintechs globally. Closely comparable to Fable's API-first remittance platform, including the B2B cross-border payments use case addressed by BizPay.
• Instarem: Instarem offers cross-border money transfers and business payment solutions for SMEs and banks across Asia-Pacific corridors. Comparable to Fable's BizPay in serving SME and mid-market cross-border B2B payments via API integrations with partner institutions.

Broad incumbents

• SWIFT gpi: SWIFT's global payments innovation service provides faster, trackable cross-border payments for 11,000+ institutions. SWIFT is both a Fable partner (for SWIFT automation) and a competitor via its native gpi rails, making it a relevant broad-incumbent benchmark.
• Wise (TransferWise): Wise operates a global consumer and business cross-border payments platform with multi-currency accounts. While more consumer-led than Fable, Wise Platform offers bank and enterprise APIs comparable to DigiRemit's cross-border remittance engine, making it a broad incumbent in the same corridor economics.
• Visa Direct: Visa Direct is Visa's real-time push payments platform for cross-border P2P, B2B, and P2B disbursements via card networks. A broad incumbent alternative to Fable's cross-border rails, especially for banks already within the Visa ecosystem.
• Mastercard Cross-Border Services: Mastercard's Cross-Border Services enable account-to-account, person-to-person, and B2B payments globally, and Mastercard is also a Fable fund-delivery partner. Represents the network-level alternative that competes with Fable on corridor economics.

Emerging players

• Ripple (RippleNet / Ripple Payments): Ripple offers blockchain-based cross-border payment rails for banks and payment providers, with a focus on emerging markets. Adjacent competitor to Fable's corridor remittance business, particularly relevant for high-volume, lower-value corridors where Ripple's cost structure competes with traditional orchestration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors4 records

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 Fable Fintech