Finshark vs Lean Payments
Finshark
finshark.io
Lean Payments
leantech.meSide by side
| Figure | Finshark | Lean Payments |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 0 | 0 |
| Spec score · Open Banking Payment Platforms | 7.7 (#4) | 7.5 (#8) |
| Bank coverage | Finshark states it connects to more than 3,000 banks and covers 99% of bank accounts in Scandinavia across 11 authorized markets. | Lean says it supports payments and data from over 30 banks in MENA. |
| Headquarters | Finshark lists its Lund office at Lilla Fiskaregatan 2, 222 22 Lund, Sweden. | Riyadh, Saudi Arabia |
| Integrations | Finshark offers APIs and says its services are integrated with the majority of banks in Finland and most Danish banks. | Lean says one integration connects businesses to its open banking network across the UAE and KSA. |
| Intended customers | Finshark describes its services as suited to businesses across industries, including non-financial companies seeking embedded finance. | Lean describes its platform as serving banks, fintechs, and enterprises across Saudi Arabia and the UAE. |
| Payouts | Businesses can send single or batch bank transfers, with payee identity and account ownership checked in real time. | The Payouts product supports customer withdrawals, refunds, third-party disbursements, supplier payments, and bulk payouts to KSA or UAE bank accounts. |
| Security | The maker says all customer authentications go through Strong Customer Authentication (SCA). | Lean's security page describes encryption, secure cloud architecture, continuous security monitoring, and regular audits and assessments. |
| Support | Finshark offers user support through a contact form and says its Slack channel is open to technical users and developers. | Lean links to its Help Center and offers a contact-us page for inquiries. |
| What it does | Finshark provides open banking payments, payouts, and financial data services for businesses. | Lean provides businesses with APIs for payments, Open Banking, financial data, and customer verification across MENA. |
In their own words
Finshark
Finshark provides open banking payments, payouts, and financial data services for businesses through web and API offerings. Customers can pay or deposit directly from bank accounts without cards, downloads, or signups. Businesses can send single or batch bank transfers, with payee identity and account ownership checked in real time. Payments are usually processed instantly, though some can take up to two days to reach a merchant; payouts can take up to two banking days. Premium insights use real-time account data for KYC checks and can include accounts, balances, transactions, income, debts, categorized transactions, spending behavior, risk propensity, and identity or ownership details. Connection methods include online banking, bank APIs, BankID, and Strong Customer Authentication (SCA); Finshark says customer authentications go through SCA. The company lists 11 authorized markets, more than 3,000 connected banks, and 99% coverage of bank accounts in Scandinavia. Finshark AB says it is a licensed Payment Institution supervised by Sweden’s Financial Supervisory Authority and authorized to provide payment services across the EU/EEA. Pricing is on request.
Lean Payments
Lean Payments gives banks, fintechs and enterprises in Saudi Arabia and the UAE APIs for payments, Open Banking, financial data and customer verification across MENA. Its eCommerce service lets customers pay from a bank account, with real-time confirmation, automatic order reconciliation and no card fees. The Payouts product handles withdrawals, refunds, supplier payments, third-party disbursements and bulk payouts through an API and dashboard. Each payout verifies account ownership, and access requires Lean to enable it; authorization can be manual in the dashboard, through an invited bank portal or automatic. Financial Data provides customer-permissioned account details, balances and transactions, plus insights and standardized reports on income, expenses, cashflow and balances. Saudi integration options include sandbox and production environments, OAuth, APIs and an embeddable Lean Link SDK for Web, iOS, Android, React Native and Flutter. Lean says one integration connects to its UAE and KSA open banking network, which supports payments and data from more than 30 MENA banks. Lean KSA says it is licensed by the Saudi Central Bank for payment and Open Banking services. Pricing is on request.