Finansystech
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Finansystech was a Brazilian open-finance startup founded in 2021 in São Paulo by CEO Danillo Branco. It operated an open-source technology platform offering secure open-finance alternatives: consent management, an identity security gateway, governance, and pre-built integrations for core banking — letting clients offer financial services 'under one roof.' It was the first Brazilian company to earn the OpenID Foundation's FAPI security certification and won Open Finance Platform of the Year (Brazil) at the 2022 Worldwide Finance Awards. The company raised about $442K–$560K (angel + equity crowdfunding) before being acquired by Celcoin on February 14, 2023 for $16.3 million.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Finansystech was founded in 2021 in São Paulo, Brazil, as an open-banking/open-finance platform, led by co-founder and CEO Danillo Branco.
- Recognition
The company became the first Brazilian firm certified to the OpenID Foundation's FAPI security standard and was named Open Finance Platform of the Year (Brazil) at the 2022 Worldwide Finance Awards.
- Acquired by Celcoin
On February 14, 2023, Celcoin acquired Finansystech for $16.3 million (PitchBook); Owler lists it as acquired by Celcoin Instituição de Pagamento S.A.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.