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.
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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.
Ownership & capital
Legal operator (home page)Company disclosed
On its own home page the operator names itself شرکت فرابوم and states when it began operating. The passage is quoted verbatim in the source passage.
Faraboom, home page ↗ · retrieved 2026-09-20The printed form شرکت فرابوم is the brand element of the legal name in this profile, فرا بوم کسب و کاری نوآوری باز, set solid rather than spaced. It is given as the source prints it, and the profile keeps the full legal name. No national identifier or registration number is printed. The page states activity from 1392 (2013-14) while the national identifier in this profile is of the 1398 (2019-20) series; the two have not been reconciled and no claim about incorporation date is made here.
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.
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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 (FY2024-25). 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.
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 →
Registry check on Faraboom: legal entity, capital, board and managing director from the Official Gazette. USD 750, three working days. Full dossier with audited figures, competitors and risks: USD 3,000, five working days.
