Companies›Faraboom

Faraboom

Fintechapi-aggregatorIn the registry
Entity IDIR-CO-2264
SectorFintech
Founded2019
HQCoverage pending
VerificationReported
Last reviewed2026-08-13

Faraboom is an Iranian open-banking and financial API aggregator operating on an API-store model. Founded in 2019, it provides financial data access and integration services for fintech products and is recognized as a key player in Iran's open banking infrastructure.

Tehran Index tracks this company as part of a source-linked research record on Iran’s technology economy. Access opens to a limited first cohort. Register for access, or browse the registry.

Business model & group
Operating history and customer base2026Company disclosed
Faraboom states that the company began operating in 2013-14 and that, with more than 12 years in banking services, it has built what it describes as the largest open banking ecosystem in Iran, connected to the major banks and serving more than 400 customers across sectors.
Faraboom website ↗ · retrieved 2026-08-21An earlier vintage of the company material stated 24 connected banks and more than 300 customers. The current figure is carried and the earlier one noted.
Source ledger, every field, its evidence
Operating history and customer baseCompany disclosed2026
Faraboom states that the company began operating in 2013-14 and that, with more than 12 years in banking services, it has built what it describes as the largest open banking ecosystem in Iran, connected to the major banks and serving more than 400 customers across sectors.
Faraboom website ↗ · retrieved 2026-08-21retrieved 2026-08-21

Last full review: 2026-08-13 · Tehran Index research desk · corrections: desk@tehranindex.com

Work with this record
All Faraboom signalsEvidence Library

Alerts, company comparisons, and full-history exports are joining the partner workspace. Request access →

Registered entity
Legal entityFara Boom Kasb o Kari Noavari Baz
Entity typePrivate joint-stock (سهامی خاص)
Registered capital880 billion IRR
Entity notesDiscovered via TechRasa Insight Iran FinTech 2025 (FY1403). Pending TI entity verification: operating entity, national ID, active status. Founded_year corrected 2026-07-29: was 2023 (unsourced), corrected to 2019 per two independent corroborating sources (LinkedIn company post + Way2Pay directory); company website separately states 2013, noted as a discrepancy. Registry identity loaded 2026-08-13 from Rasmio. The registration number appeared as 54198X in a search snippet and resolved to 541989 on the full page, so the masked form was a paywall artefact rather than the value.

Registered capital is the share capital recorded in the official gazette. Increases are real corporate events, but they are commonly funded from retained earnings or converted receivables and are also driven by inflation and regulatory minimums. It is not a valuation, and Tehran Index does not present it as one.

Evidence & verification
Verification tierReported, single public source
Primary evidencetechrasainsight.com
Registry identifiersWithheld for compliance

Fields on this profile derive from linked public sources or the official company registry; unknown values stay blank rather than guessed, and estimates are always labelled. How we verify →

Quick facts
Founded 2019
faraboom.irLinkedIn
Institutional access

This dossier shows the working standard. Institutional access will add a scoped custom dossier or watchlist, the weekly briefing, sourced research requests, coverage reviews, and dataset exports. It is not open yet; the first cohort is being registered now.

Request Access