“Kani Payments announced that it’s just one of ten companies which took part in the FIS Fintech Accelerator 2023, due to its transformative data insights platform that has been identified as accelerating the pace of innovation in financial services worldwide.”
What is the FIS Fintech Accelerator program
The FIS Fintech Accelerator program identifies and advances fintech firms with high potential to scale globally, and creates partnership opportunities with FIS clients. Kani Payments will use its award-winning SaaS platform to kickstart the delivery of automation, accuracy and compliance in payments reconciliation and reporting to fintechs, acquirers and financial institutions worldwide.
In each cohort, the FIS Fintech Accelerator selects ten innovative companies and entrepreneurs from around the world, who are all on a mission to shape the future of fintech. In collaboration with The Venture Center, FIS provides them with mentorship from fintech experts as well as access to the FIS network.
Throughout the ongoing 12-week programme, Kani Payments has been engaging with bankers, subject matter experts, and financial service executives to enhance and advance its offering and growth plans. In addition, financial institution leaders are visiting Kani Payments to help refine its product models to suit customer needs.
Kani Payments continue to build momentum in Reporting and Reconciliation for payments
Established in 2018 by Founder and CEO Aaron Holmes, Kani Payments’ involvement in this programme in the latest step in its impressive growth trajectory following its acceptance onto the Mastercard Start Path Global programme in 2022. Approximately 1,500 start-ups annually are evaluated for entry to the programme, which has only a 2% acceptance rate.
Kani Payments’ award-winning SaaS platform has already reconciled more than €24 billion in processed payments volume to date and is trusted by a fast-growing range of companies across the fintech spectrum, including Transact Payments, IDT, Moorwand, Sodexo and Osper. Being selected to become part of the FIS Fintech Accelerator will speed up Kani’s expansion and outreach into the US market, which is a key part of its strategy for 2024 and beyond.
Aaron Holmes, CEO at Kani Payments, commented: “Joining the FIS Fintech Accelerator is the latest exciting stepping stone in what’s already been an impressive and successful story for our ambitious company. We’re proud of our progress so far and are excited to be able to further develop our offering and charge into new markets and territories with the support, insight, and knowledge we will gain from the team at FIS and the Venture Center as part of this programme.
“We are certain that the insights we will gain from the FIS Fintech Accelerator will be invaluable, not only to Kani Payments, but also to our existing and prospective customers who have come to rely on the efficiencies created by our unique platform. We strive to save even more businesses vast amounts of time, and help them to tackle the problem of the increasingly complex digital payments, regulation, and compliance requirements so that they can spend more time focusing on building superb fintech products and services.”
Reconciliation and Reporting Automation
Kani Payments’ agile data-agnostic reporting and reconciliation platform has been built by payments experts, and is designed to help ambitious, disruptive companies to fuel future growth with streamlined reporting, timely and accurate reconciliation, actionable business intelligence insights, and achieve compliance with industry and regulatory requirements.
With the ability to quickly ingest data from multiple processors, banks, and payment companies, Kani Payments’ platform expeditiously imports and normalises complex raw data files in differing formats from various sources to then create business-critical payments reporting, including user-friendly reports and accurate, timely reconciliations. Kani Payments’ reconciliation software also integrates directly with its clients’ third-party processing platforms, and is backed by friendly, in-depth payments expertise support to help solve clients’ data queries.
About Kani Payments
Established in 2018 in Newcastle, UK, Kani Payments is a reconciliation and reporting platform specifically designed to reduce complexity for financial services businesses. Named ‘Europe’s Leading Financial Services or Payments Start-up’ by the Emerging Payments Association, Kani’s clients include fintechs, challenger banks, established banks, electronic money issuers, and gift card providers.
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, absolute performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).