Fintecture

Definition

Fintecture is a French fintech founded in 2018, a pure-play PSD2 payment initiation provider (PISP).

Specializing in high-ticket payments (B2B, real estate, automotive, furniture, the public sector, premium e-commerce), it competes head-on with cards wherever their fees (1 to 3%) become prohibitive. Its flagship product: a button embedded in websites and invoices that lets customers pay by instant transfer (SCT Inst) in a few clicks, without entering account details, with built-in VoP and automatic reconciliation.

History and key milestones

• 2018 — founded by Faysal Oudmine, Anjan Som and Reda Charai in Paris.
• March 2020 — commercial launch.
• 2020-2022 — rapid growth, focused on B2B and high-ticket e-commerce.
• November 2022 — €26M Series A (Eurazeo, RTP Global, Allianz Trade, Société Générale…), bringing total raised to €32M.
• 2023-2024 — expansion into Belgium, Spain, Italy and Germany; Google Cloud partnership.
• 2025 — native VoP / IPR; selected by the DGFiP for collecting public receivables (PayFiP).

Offering

• Pay by Bank: a button on merchant sites; the customer confirms in their banking app (OAuth + SCA) and the SCT Inst credits the merchant instantly. Merchant cost ~0.2 to 0.5% versus 1 to 3% for cards, with no chargebacks.
• Collections / B2B invoicing: a payment link in the invoice, one-click payment, and automatic reconciliation via the ISO 20022 end-to-end ID — widely used above €1,000.
• Verification of Payee: a service built in since 2025 (IPR), exposed via API.
• Open Banking PSU: AIS data retrieval (balances, transactions) to complement the PIS.

Business model

0.2 to 0.5% per transaction depending on volume, with no fixed subscription (usage-based) and degressive pricing for large accounts. Compared with Stripe or Adyen (1.4 to 2.9%), the saving is massive above a €200 basket.

Use cases and customers

• Target sectors: real estate (security deposits), automotive (down payments), high-end furniture (Roche Bobois, Ligne Roset), travel, B2B marketplaces (ManoMano Pro, Ankorstore), healthcare, the public sector.
• Customers: Boulanger Pro, Cdiscount Pro, Conforama, Maisons du Monde, Selectra, URSSAF.

Advantages and limitations vs cards

Advantages: ~80% cheaper, credited in under 10 seconds (vs T+2), irrevocable (no chargebacks), no card limits, and universal for any SEPA account holder.

Limitations: the "pay by card" reflex remains entrenched, there is no buyer protection (a brake on the consumer side), the bank redirect takes ~30 seconds (vs 2s for Apple Pay), and the ROI is lower on small B2C baskets where the card fee is already acceptable.

Fintecture vs competitors

What Fintecture is not

• Not a bank: PISP status only (neither an EMI nor a credit institution).
• Not a card PSP: bank transfers only, no card networks.
• Not a wallet: no storing of funds, just initiation.
• Not a consumer PFM: 100% B2B merchant / invoicing.
• Not an acquirer: the merchant receives the funds directly.

In the PSD2 / Open Finance ecosystem

Fintecture is one of the European leaders in Pay by Bank:

• PSD2 PIS: its core use.
• IPR / SCT Inst: a major beneficiary (free pricing + mandatory receipt boost adoption).
• VoP: natively integrated.
• Wero / EPI: possible coexistence or integration over time.

Concrete examples

• DGFiP / PayFiP: selected in 2025 for payment initiation embedded in PayFiP (local authorities, public agencies, public receivables).
• ManoMano Pro: Pay by Bank for high-ticket professional orders.
• Real estate: an agency displays a Fintecture QR code on the preliminary sale agreement; the buyer pays €5K instantly and the agency is credited before the notary signing.
• Car dealership: a €10K down payment paid in 30 seconds, where the card hits its limits.
• Volume: more than €5B collected since launch (announced June 2025).
• IPR: free SCT Inst makes the offering even more cost-effective on the bank side.