finperks raises €3.4 million to power prepaid infrastructure
Berlin-based FinTech startup finperks has secured €3.4 million (approximately $4 million) in fresh funding to accelerate its mission of building the API infrastructure layer for the global prepaid market. The company aims to modernise how prepaid cards, wallets and incentives are issued, managed and integrated into digital products.
Targeting a fragmented prepaid ecosystem
The global prepaid sector remains heavily dependent on legacy processors, manual integrations and country-specific providers. finperks is positioning itself as a unified technology layer, offering developers a single set of APIs to connect with multiple prepaid issuers and programmes worldwide.
By abstracting away regulatory, compliance and technical complexity, the startup wants to help banks, neobanks, HR platforms, loyalty schemes and consumer apps launch new prepaid and incentive products faster and at lower cost. The company’s platform is designed to handle use cases such as employee benefits, gift cards, expense cards, refunds and digital wallets.
API-first approach for financial innovation
Built as an API-first solution, finperks enables product teams to embed prepaid functionality directly into their existing stacks, reducing integration times from months to weeks. The infrastructure supports real-time card issuance, balance management, transaction monitoring and configurable spending rules.
The funding will be used to expand engineering capacity, strengthen partnerships with issuing banks and programme managers, and extend coverage across additional markets in Europe and beyond. By focusing on interoperability and compliance, finperks seeks to become a core infrastructure provider in the broader FinTech and payments ecosystem.
Riding the wave of embedded finance
As embedded finance continues to grow, demand is rising for infrastructure that can support flexible, programmable payment instruments. With this investment, finperks is betting that a modern, developer-friendly layer for the prepaid market will unlock new business models and help both established financial institutions and digital-native companies bring innovative products to market at scale.