Fable Fintech

Fable Fintech specializes in innovative cross-border payment solutions for financial institutions and businesses, enhancing transaction efficiency and security across international markets. Founded in 2015 and headquartered in Mumbai, India, Fable Fintech provides a platform for international transactions. CEO Naushad Contractor leads the company, which has secured a total of INR 102. 5 mn in Series A funding as of August 2022, with three investment rounds recorded to date.

The company offers a comprehensive cross-border payment solutions platform designed for financial institutions and businesses, facilitating faster and more cost-effective international transactions. Their core offerings include a configurable Global Payments SaaS, which serves as a scalable, plug-and-play application compliant with ISO 27001 and GDPR standards. This platform enables banks and licensed financial institutions to manage both inward and outward remittance operations, ensuring fraud prevention and secure technology deployment. The solution supports multi-currency and multi-corridor transactions, addressing the needs of clients such as exchange houses and money service businesses (MSBs).

The geographical markets served by this technology include 11 countries, with a focus on facilitating seamless payments between send and receive markets. For the most recent year, 2023, Fable Fintech reported revenue of INR 1,374,187. 90 and an EBITDA of INR -2,601,748. The company generates revenue through its subscription-based model, where clients engage with the platform to launch branded cross-border payment services for their customers.

Financial institutions pay for the usage of the Global Payments SaaS, which includes various functionalities necessary for managing remittance operations. By integrating with an extensive network of payment gateways and regulatory technology products, the company enhances its value proposition for clients involved in both business-to-business (B2B) and direct-to-consumer transactions. The structure of transactions typically involves fees associated with each payment processed through the platform, ensuring clarity in the financial exchanges between the firm and its clients. These operational efficiencies and strong partnerships contribute to the overall revenue stream derived from the company's flagship payment solutions.

Following the Series A funding in August 2022, Fable Fintech plans to expand its product line with the introduction of new features designed to enhance the user experience on its Global Payments SaaS platform. The company is targeting entry into additional markets in Southeast Asia, aiming for a rollout by late 2023. The recent funding of INR 102. 5 mn will be allocated to develop these new features and support market expansion efforts.