About

Teller provides real-time bank data through an API, allowing developers and businesses to access up-to-date financial information directly from banks. Unlike competitors that use screen scraping, which can be slow and unreliable, Teller connects to banks using real APIs, ensuring faster and more accurate data retrieval. This service is particularly valuable for fintech companies and financial institutions that need seamless integration with banking data. Teller operates on a subscription model, where clients pay for a set number of API calls each month, making it flexible for both small startups and large enterprises. The goal of Teller is to offer a reliable and scalable solution for accessing financial data, helping businesses integrate financial services into their applications.

Simplify's Take

What believers are saying

• Securing a $4M seed round from prominent investors like Lightspeed Ventures and Founders Fund indicates strong financial backing and growth potential.
• Teller.io's direct API connections provide a competitive edge in data accuracy and reliability, making it an attractive option for fintech companies and financial institutions.
• The rapidly growing fintech sector offers significant opportunities for Teller.io to expand its client base and revenue streams.

What critics are saying

• The competitive landscape in the fintech sector, particularly with established players like Plaid, poses a significant challenge for Teller.io.
• Reliance on direct API connections with banks may limit Teller.io's ability to scale quickly if banks are slow to adopt or update their APIs.

What makes Teller unique

• Teller.io connects directly to banks using real APIs, ensuring faster and more accurate data retrieval compared to competitors who rely on screen scraping.
• The company's focus on providing a highly reliable and predictable service sets it apart in the fintech sector, where data accuracy and uptime are critical.
• Teller.io's flexible subscription model allows it to cater to both small startups and large enterprises, offering scalable pricing based on API call volume.