Preczn, the leading financial services Command Center specializing in vertical SaaS platforms, has announced the successful acquisition of $6.8 million in funding. This investment will enable Preczn to accelerate the deployment of embedded payments, lending, banking, and other financial services, transforming vertical SaaS product suites into fully operationalized fintech offerings.
DALLAS, Oct. 24, 2023 /PRNewswire-PRWeb/ -- As the fintech industry continues to expand, it is projected that fintech transactional volume executed through vertical SaaS platforms will reach approximately $5 trillion in 2023, with a further growth projection to $7 trillion by 2026 in the US market alone. While vertical SaaS platforms have the opportunity to increase their revenue per customer by over 5 times through the delivery of these financial solutions within their software, only a minority have been able to maximize this opportunity to its fullest potential.
Preczn empowers vertical SaaS platforms by offering a seamless solution that enables them to integrate once and rapidly deploy these financial solutions without the need for additional development resources. From a central location, SaaS platforms can effortlessly operate their entire fintech suite. By streamlining the rollout of these solutions, platforms can optimize monetization while reducing the often sizable operating expenses associated with building and maintaining integrations, frameworks, and continued operationalization. It is for these reasons that companies like Buildertrend, a leading construction management platform, have chosen to work with Preczn.
Preczn's advantage in providing this solution is amplified by the exceptional payments and fintech talent within its founding team, with expertise garnered from esteemed organizations such as Payrix, Stax, Spreedly, WorldPay, PayPal, and more.
The recent funding round was led by Flyover Capital and Blank Ventures, with notable participation from Grand Ventures, Gilgamesh Ventures, SaaS Ventures, Rosecliff Ventures, Nelnet Ventures, among others.
The secured funds will be utilized by Preczn to further strengthen its already impressive product and go-to-market teams. This investment will enable the company to harness its rapid growth and continue offering even more refined fintech productization to vertical platforms.
"We are thrilled to have the support of all our esteemed investors. This funding will propel Preczn forward in its mission to empower vertical SaaS platforms in unlocking the full potential of their fintech suites," commented Malik Velani, CEO at Preczn.
About Preczn:
Preczn is a leading financial services Command Center for vertical SaaS platforms, dedicated to transforming product suites into fully operationalized fintech offerings. By providing seamless deployment of embedded payments, lending, banking, and other financial services, Preczn empowers SaaS platforms to optimize their offerings. The company's founding team brings together exceptional talent in payments and fintech from industry leaders such as Payrix, Stax, Spreedly, WorldPay, PayPal, and more.
Media Contact
Blaine Dawson, Preczn Inc., 1 (404) 800 1166, [email protected], www.preczn.com
SOURCE Preczn Inc.
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