Alpha Fintech

About Alpha Fintech

Alpha Fintech, founded in 2011 by Franjo Rajic and later joined by Oliver Rajic, operates as a financial software company with headquarters in Dublin, Ireland, and a corporate office in Melbourne, Australia. The firm was acquired by PPRO, a global digital payments infrastructure provider, on March 8, 2022, in a move to expand PPRO's offerings and strengthen its presence in the Asia Pacific region.

The company's core offering is the AlphaHub, a cloud-based, omni-channel payment-processing platform designed to connect merchant buyers and vendor suppliers. This end-to-end middleware simplifies the integration of various digital payment products and services through a single API and user interface. The platform's services encompass payment processing for eCommerce, mPOS, and POS systems, merchant management, risk management, fraud prevention, data analytics, e-wallets, and subscription billing. By consolidating these functions, Alpha Fintech aims to reduce operational complexity and eliminate the need for multiple point-to-point integrations, which can lead to significant cost savings for clients.

Alpha Fintech serves a diverse client base that includes banks, payment service providers, fintech enterprises, multinational corporations, and government-linked companies. Notable clients have included New Zealand's BNZ and the Southeast Asian super-app Grab. The business model operates as a Payments-as-a-Service (PaaS), providing the infrastructure for organizations to build and expand their own payment platforms. Over its history, the company has raised a total of $12 million in funding over three rounds from investors such as Wells Fargo, First Quay Capital, and FinTech Innovation Lab.