Finperks, a Berlin-based startup, has announced a $4 million funding round to develop a unified API platform for prepaid payments in Europe.

API for prepaid payments

The company, founded by the team behind viafintech (acquired by Paysafe in 2021), aims to provide a single integration that allows banks, fintech companies, and human resources platforms to offer gift cards, cashback, and tax-free employee benefits. The main advantage is the abstraction from the complex underlying infrastructure, simplifying the implementation of these services.

The prepaid payments market

The prepaid payments market is constantly growing, with an increasing number of companies seeking flexible solutions to incentivize customers and reward employees. Finperks' API-based approach promises to reduce the complexity and costs associated with integrating such services.