Hey forum,
I`m having a real hard time solving a problem with finding a proper service for open banking or BaaS.
Here is the problem I`m faced with and a bit of backstory.
Late 2021 as part of my strategy after quitting my job was to help more or less random people with their software problems as per @Andy Black `s excellent suggestion.
This I did just to make ends meet, but the more I leaned into it, the more people started contacting me.
Long story short a now friend of mine was trying to get a charity foundation off the ground, we found eachother on a bulgarian forum, I helped him and we started working together feverishly.
As it stands now, the charity foundation Pavel Andreev is the largest one in Bulgaria with over 16 million euros raised in these past two and a half years https://pavelandreev.bg/en and I`m its CTO.
This we built from scratch and is the main reason I havent been very active on the forum during these past years.
But here is the problem, we want to move away from banks and their manual tools as much as possible.
While Stripe provides what we need, technology wise, they dont provide it for european companies and I cant, so far, find any service which offers the automation, API and BaaS that they provide.
So far we`ve gone through more or less half the banks in Bulgaria, none of them can help, and dont get me started on bank to comapny communication...
We tried services like Revolut, or IbanFirst and others and again cant find what we need.
Here is a possible solution but I would really need some help to realize it, because I dont know how to proceed.
As it turns out, we can register a US company which can be owned by a european company and use it to conduct our business with Stripe.
But how hard is that? How do I do it and what possible problems may I ecnounter?
Even Stripe offer company registration, but I`m not sure if thats the proper solution.
We only need proper BaaS through an API and its proving immposible to find in Europe.
If anyone is interested, the first thing we`ll use the API for is to automate getting the information for IBAN transfers so we dont have to do it by hand anymore.
I`m having a real hard time solving a problem with finding a proper service for open banking or BaaS.
Here is the problem I`m faced with and a bit of backstory.
Late 2021 as part of my strategy after quitting my job was to help more or less random people with their software problems as per @Andy Black `s excellent suggestion.
This I did just to make ends meet, but the more I leaned into it, the more people started contacting me.
Long story short a now friend of mine was trying to get a charity foundation off the ground, we found eachother on a bulgarian forum, I helped him and we started working together feverishly.
As it stands now, the charity foundation Pavel Andreev is the largest one in Bulgaria with over 16 million euros raised in these past two and a half years https://pavelandreev.bg/en and I`m its CTO.
This we built from scratch and is the main reason I havent been very active on the forum during these past years.
But here is the problem, we want to move away from banks and their manual tools as much as possible.
While Stripe provides what we need, technology wise, they dont provide it for european companies and I cant, so far, find any service which offers the automation, API and BaaS that they provide.
So far we`ve gone through more or less half the banks in Bulgaria, none of them can help, and dont get me started on bank to comapny communication...
We tried services like Revolut, or IbanFirst and others and again cant find what we need.
Here is a possible solution but I would really need some help to realize it, because I dont know how to proceed.
As it turns out, we can register a US company which can be owned by a european company and use it to conduct our business with Stripe.
But how hard is that? How do I do it and what possible problems may I ecnounter?
Even Stripe offer company registration, but I`m not sure if thats the proper solution.
We only need proper BaaS through an API and its proving immposible to find in Europe.
If anyone is interested, the first thing we`ll use the API for is to automate getting the information for IBAN transfers so we dont have to do it by hand anymore.
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