Paytech start-up Fractal launches “cheapest” payment rails in the US

Fractal

Fractal, a new fintech platform exclusively servicing Software-as-a-Service (SaaS) companies, has launched payment processing services in the US, claiming to offer a “simpler service” with up to 30% savings.

By taking advantage of an amendment to Regulation II (debit card interchange fees and routing) in October 2023, Fractal said it offers the most attractive revenue-sharing plans in payments – with the aim of becoming the preferred payment method for SaaS companies. This new service handles merchant onboarding, which the company said is a “major friction point” in the market.

It also offers pre-built embeddable payment flows for companies looking to add payments quickly — such as checkout options for online retail and payment links for electronic invoicing — and an API for companies that need complete control and customisation.

“Payment processing has historically been overly complex for many SaaS businesses and their merchants,” said Brian Nichols, founder of Fractal. “With the amount of regulatory, finance, and technical experience needed, many leave this stalled on their roadmap for too long.

“Fractal’s new offering allows platforms to simply add payments and instantly make money.”

Founded this year by James Greaves, ex-VP of Zelle, and Brian Nichols, a payment industry expert, Fractal aims to offer the lowest-cost processing for merchants along with a revenue-sharing plan for SaaS platforms, in a bid to “turn payments into profits” for the SaaS landscape.

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