Brankas Looks to be the Digital Banking Platform of Southeast Asia

Brankas is taking cues from their counterparts in the U.S. and Europe to become the digital banking platform for Southeast Asia; the company graduated from Plug and Play where they were a service to manage bank accounts; they now want to be the plumbing of digital banking, like Plaid, Tink and Bud; “What we’re doing is similar to banking API infrastructure,” Brankas CEO and co-founder Todd Schweitzer told TechCrunch in an interview. “The difference being that in Southeast Asia it is very early days and little to no regulation.”; the firm sees two groups of clients, banks and other financial institutions and e-commerce platforms; they have already made some headway with bank partnerships in Indonesia, the Philippines and Vietnam; the company also has dozens of e-commerce, consumer finance and insurance customers as they try to digitize an area of the world that needs it badly. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.