Payments Fintech Finzly says it saw transactions on its platform increase by 400%, driving top-line revenue to double during 2023.
The company said the increase was generated by new customers and the growth in real-time payments driven by the introduction of FedNow.
Finzly did not provide the actual volume of transactions or its actual revenue.
Finzly did say its growth was boosted by its recent Series A funding round when it raised $10 million.
Finzly CEO Booshan Rengachari described 2023 as a remarkable year for his company.
“We led the market by introducing the first FedNow API, further enhanced our leading solution set, and secured funding from a great partner in TZP Growth Equity, all contributing to the impressive revenue growth we’re reporting today. Given banks’ need to modernize payments infrastructure this year and the scale of that task, the investments in talent and technology we made in 2023 position us well to be a great partner to banks in 2024 and beyond.”
Finzly offers multiple banking solutions, including payments, forex, trade finance, and more.
