Dapi

Dapi, a Y Combinator graduate operating out of Abu Dhabi and the US, offers a payment and data API to access banking data and initiate payments directly from customer bank accounts, in place of card payments, within a company’s own apps and websites. The payment API enables a range of payment types including digital bank transfers, wire payments, digital wallets, peer-to-peer payment applications, and crypto exchanges, among others—which are all typically cheaper than accepting card payments. The platform also offers a sandbox environment for users to test its services before deployment.

The data API can be used to directly access customer financial data, including transactions, loan, and credit card data. Through this, enterprises can automate accounting and improve their lending process while customers benefit from increased convenience and financial management solutions. Dapi reported an ARR of USD 400,000 as of August 2020 and reported growth of over 50% each month at the time.

The company launched its product in the Middle East and North Africa (MENA) in 2019, and expanded to the US in 2020. As of May 2021, it was present in a range of MENA nations as well as Pakistan and Mexico—its first entry to the Latin American region (making it one of the first companies to offer integrated bank transfer payments to FinTechs in Mexico). Dapi claimed that its platform supported more than 10 of the top local banks in Mexico, which held over 80% of the market share. Dapi also noted that it intends to expand its presence further in the Latin American region in 2021.