Techstars-backed Flick is redefining financial infrastructure by launching Open Banking payments for collections across North America and Europe. Following its early 2024 debut of Global Collections, Flick now connects to over 13,000 financial institutions in 24 countries for real-time collections and direct debits, and supports global payouts to 150+ countries; since launch, the company has processed over $100 million in transaction value.
With its Global Collections through Open Banking, Flick tackles the persistent issues of slow, costly, and compliance-heavy traditional payment and remittance methods. Users can now connect multiple bank accounts across Europe, UK, US, and Canada, enabling instant, seamless direct debit payments without the need for a traditional international bank account number (IBAN). This launch isn’t just an upgrade—it’s a paradigm shift, offering businesses and individuals unmatched speed, efficiency, and convenience in managing international transactions.
Flick’s infrastructure extends far beyond open banking payments, positioning itself as a one-stop Banking-as-a-Service (BaaS) provider. Its robust suite of services includes multicurrency IBANs and wallets, and stablecoin payment infrastructure; providing customizable APIs and SDKs for seamless integration and white-label solutions.
According to the CEO/Cofounder, Ruth Olojede, while Flick offers both solutions, the introduction of open banking has significantly reduced reliance on Global IBANs. Since its launch, several companies have naturally opted for open banking collections due to its real-time settlement capabilities and greater flexibility.
In addition, Flick delivers unprecedented financial data and insights, enabling businesses to effortlessly confirm bank account details, conduct real-time balance checks, and fetch transaction data from thousands of banks across Africa, North America, and Europe. All of this is managed via a centralized console, streamlining financial operations and decision-making like never before.
With a relentless focus on product efficiency and global expansion, Flick is rapidly establishing itself as a leader in open banking and embedded finance services, especially on the African continent.
So, whether it’s for Fintechs, Banks, E-commerce, international trade, global payroll solutions, or beyond, Flick isn’t just building financial infrastructure — it’s reshaping how both startups and large enterprises embed, access, and leverage finance at every level.