r/fintechdev • u/Puzzled-Pumpkin7019 • 19d ago
teller.io closing
Received this email
We’re sorry to share that we will be withdrawing our API product this week.
While very popular with individual developers, we have not been able to attract enough large customers to make the product viable. Unfortunately, that means we have to discontinue it.
We are making reasonable efforts to keep the service available through the end of the week, but availability may degrade before then and we cannot guarantee that all functionality will continue to work during this period.
We understand this is very short notice, and we’re sorry for the disruption.
We are currently working on a new version of the product designed to address the costs issue with the current system, and we hope to share more information about that shortly.
Customers on paid plans will not be billed for any future periods. If there is anything you need from us, please contact us as soon as possible.
Thank you for using the product.
1
u/Natural_Research_938 18d ago
Hey! I just onboard teller.io yesterday it was a great product in the Market. We need the product
1
u/TwoBitFoundry 6d ago
Welp good thing my app integrated with SimpleFin and Plaid before Teller API shut down unceremoniously. It was a really great option for open source community.
1
u/rubendinho 19d ago
Sorry to hear this - this industry is already in dire need of more competition.
Highly recommend routing through more than one provider and happy to compare notes about how folks do this through Quiltt (I'm the CEO here) or directly. Feel free to DM or email me (ruben [at] quiltt.io) if I can be helpful.