Fincy

About Fincy

Fincy, founded in 2018 and headquartered in Singapore, operates within the financial software industry, positioning itself as a developer of a financial technology platform. The company launched its application in the first quarter of 2020, focusing on providing financial services across Southeast Asia. In June 2020, Fincy secured an $11 million capital injection from its parent company, GBCI Ventures, to fuel its growth.

The company's core offering is a mobile application designed to facilitate low-cost, contactless currency exchange and payments. The platform features multi-currency wallets, aiming to provide a more affordable alternative to traditional financial services by minimizing transaction fees for exchanges, transfers, and payments. Users can conduct transactions and manage their finances directly from their smartphones. In addition to its payment functionalities, the app incorporates an in-app social network.

Fincy's business model centers on providing accessible financial tools to a broad user base, addressing common issues such as unfavorable exchange rates and high transaction fees for both individuals and businesses dealing with foreign currencies. The company operates in the FinTech and mobile sectors, targeting consumers who require seamless and cost-effective solutions for managing multiple currencies and making digital payments. The app's design emphasizes security and transparency in all its financial transactions.