Sirius Technologies

About Sirius Technologies

Sirius Technologies, a Singapore-based company founded in 2021, provides a composable application platform to facilitate intelligent digital transformation for financial institutions. The company was established by a team of engineers formerly from WeBank, led by Jing Li, who was the Lead Architect. This founding team, which includes Jing Li (CEO), Yilong Chen (CTO), Mintao Liu (CPO), Daniel Leung, and Montre Limthohgbai, leveraged their experience from building the technical infrastructure that scaled WeBank to over 350 million users. Their work at WeBank, the world's largest digital bank, provided them with deep expertise in distributed architecture and cloud computing for financial technology.

The firm targets the Banking, Financial Services, and Insurance (BFSI) sector, along with industries like telecommunications and payments, focusing on emerging markets in Southeast Asia and Latin America. Sirius Technologies' business model centers on its core product, the 'Multiverse Platform', which enables clients to modernize their systems without completely replacing legacy infrastructure. This approach allows banks, credit card companies, and retail brokers to launch new digital products and services quickly, integrate with ecosystem partners, and manage high volumes of transactions efficiently. The platform is designed to be cloud-agnostic, operating across cloud, on-premise, or hybrid environments. Revenue is generated by providing this technology platform and related services to enterprises. In August 2023, the company secured $18 million in a Series A funding round to support its expansion.

The platform's key offerings include Packaged Business Capabilities (PBCs), which are modular, pre-built components that clients can assemble to create custom applications. It features a full lifecycle API Management solution, an Open Banking framework with a participant directory and sandbox, and an Internal Development Portal with AI-assisted, low-code features to accelerate development. By using an event-driven, composable architecture, Sirius allows financial institutions to create tailored products, support Banking-as-a-Service (BaaS) models, and manage real-time payment networks. This helps clients reduce IT costs, decrease time-to-market for new products, and improve operational efficiency, with reported IT cost savings of up to 50%.