Finansystech

Open Finance and Open Insurance infrastructure platform for financial institutions in Brazil and Latin America.

Insurtech Infrastructure Growth Acquired

Overview

Finansystech is an Open Finance and Open Insurance infrastructure provider serving financial institutions and insurers in Brazil and Latin America. The company offers a platform-as-a-service model that connects banks, insurers, and fintech companies to Brazil's Open Finance ecosystem, enabling compliant data sharing and payment initiation under Central Bank of Brazil regulations.

The company's core product, BrickBank, is a plug-and-play platform that handles consent management, identity security, API governance, and payment initiation (ITP). BrickBank supports flexible deployment across on-premises, AWS, Azure, and Google Cloud environments, and is certified by Microsoft Azure for 48-hour deployment. Finansystech holds FAPI and CIBA certifications from the OpenID Foundation -- the first company in Latin America to earn both -- and contributes to the FAPI and CIBA Working Groups of the OpenID Foundation.

Finansystech was acquired by Celcoin in February 2023 for USD 16.3M, and now operates as a subsidiary providing Open Finance infrastructure across Celcoin's fintech portfolio. Prior to acquisition, the company raised USD 442K in a 2021 equity crowdfunding round and R$2.49M in 2022 for international expansion. Finansystech also served as B3's (Brazilian securities exchange) technology partner for the Open Insurance initiative, launching a joint platform in December 2021.

Products & Services

BrickBank

BrickBank is a plug-and-play platform for Open Finance and Open Insurance compliance. It provides the infrastructure layer companies need to participate in Brazil's Central Bank-mandated Open Finance ecosystem.

Key Features

Consent management and identity security (FAPI/CIBA compliant)
API Gateway and governance tools
Pre-built core banking integrations
Payment initiation support (ITP)
Flexible deployment: on-premises, cloud (AWS, Azure, Google Cloud)

Target Users: Banks, insurers, and fintech companies required to participate in Brazil's Open Finance framework.

OpenKeys

OpenKeys handles payment management and transaction processing within the Open Finance ecosystem, complementing the BrickBank platform for companies needing integrated payment infrastructure.

Key Features

Payment management within Open Finance
Transaction handling and initiation
Integration with BrickBank consent flows

Target Users: Financial institutions needing payment initiation capabilities within the Open Finance framework.

Open Finance as a Service

A modular infrastructure offering that connects companies to the Open Finance ecosystem through APIs and integrations with enterprise platforms including Guidewire.

Key Features

Modular API connections to the Open Finance ecosystem
Integration support for Guidewire and enterprise insurance platforms
Adaptable to each company's existing technology stack

Target Users: Insurers and financial institutions seeking a managed path to Open Finance compliance.

At a Glance

Founded: 2021
Headquarters: Barueri, Brazil
Employees: 1-10
Funding: Acquired

Category & Focus

Category: Insurtech Infrastructure
Subcategories: API Platforms Open Insurance Open Finance Consent Management
Insurance Verticals: P&C Personal P&C Commercial Life & Annuity Specialty/E&S
Target Customers: Carriers, Brokers, MGAs/MGUs

Customers

B3 (Brazilian securities exchange) -- technology partner for Open Insurance infrastructure
Celcoin Group (parent company) -- Open Finance infrastructure across the Celcoin portfolio