Skaleet moves from core banking to international money transfer

The start-up Skaleet presents itself as a platform dedicated to financial institutions, at the origin of a "core banking" system allowing them to integrate new services in an optimised manner. But its ambitions are broader. Indeed, it has just opted for a partnership with the Singaporean FinTech Thunes, a specialist in international payment transfers. This will enable Skaleet to diversify.

FACTS

• Thunes is an instant payment platform created in 2016. It accepts more than 285 payment methods across more than 125 countries and in 79 different currencies. The fintech Skaleet enables financial institutions to launch new banking products quickly and easily.

• Through its new partnership with Thunes, Skaleet intends to further enhance its range of services to provide a new international instant payment offering to its customers, both businesses and individuals.

• Thunes allows players from all over the world to connect via a single API capable of simplifying peer-to-peer money transfers.

CHALLENGES

• A brick-and-mortar offering: By partnering with Thunes, Skaleet is adding a "payment" brick to its financial services offering and enriching its range in an agile manner; a strategy that fits well with its model and its raison d'être.

• Getting a piece of a big pie: According to the European Central Bank, the French send nearly 13 billion euros abroad each year. France is in third place, after Switzerland and Germany, in the category of countries with the most outgoing remittances.

MARKET PERSPECTIVE

• Skaleet is continuing its deployment today, strengthened by its many supporters and clients. 25 million raised in January 2021 to ensure its development.

• It also has many clients among French neobanks and FinTechs and a renowned partner and shareholder, Société Générale.