specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: Fincra
providerId: fincra
created: '2026-06-21'
modified: '2026-06-21'
reconciled: false
tags:
- Payments
- Cross-Border
- Collections
- Payouts
- FX
- Fintech
- Africa
- FinOps
- Cost Management
- FOCUS
description: >-
  FinOps view of Fincra spend. Fincra bills usage-based, per-transaction fees
  across collections (virtual account inflows and direct charges), payouts /
  disbursements, and FX conversions, where conversion cost is realized through a
  quoted exchange rate that embeds a spread. Costs scale with transaction count,
  amount, currency corridor, and payment method rather than fixed subscription
  tiers. Specific per-transaction rates are commercial and not publicly
  reconciled here.
notes: >-
  Per-transaction fees and FX spreads vary by corridor, currency, method, and
  negotiated agreement; verify against Fincra invoices and the merchant
  dashboard during reconciliation.
sources:
- https://www.fincra.com/payment-apis
- https://docs.fincra.com/docs/getting-started
- https://focus.finops.org/focus-specification/v1-3/
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: Fincra
serviceCategory: Payments and Financial Services
billingModel:
  pricingCategory: Usage-Based
  billingFrequency: Per Transaction
  billingCurrency: Multi-currency (NGN, USD, and other supported currencies)
  chargeCategories:
  - Usage
  - Purchase
  - Adjustment
focusColumns:
  ServiceName: Fincra Payments
  ServiceCategory: Payments and Financial Services
  ProviderName: Fincra
  PublisherName: Fincra
  InvoiceIssuerName: Fincra
  BillingCurrency: Multi-currency
  ChargeCategory: Usage
  PricingCategory: Usage-Based
meters:
- name: collection_transactions
  description: Inbound collections via virtual account transfers and direct charges, billed per transaction.
  unit: transactions
  aggregation: sum
  dimensions:
  - business
  - currency
  - paymentMethod
- name: payout_transactions
  description: Outbound payouts / disbursements to banks, mobile money, and Fincra accounts, billed per transaction.
  unit: transactions
  aggregation: sum
  dimensions:
  - business
  - destinationCurrency
  - paymentDestination
- name: conversion_volume
  description: FX conversion amount; cost realized through the quoted rate spread.
  unit: currency_units
  aggregation: sum
  dimensions:
  - business
  - sourceCurrency
  - destinationCurrency
- name: fx_spread
  description: Embedded spread between mid-market and quoted FX rate on conversions and cross-currency payouts.
  unit: basis_points
  aggregation: average
  dimensions:
  - sourceCurrency
  - destinationCurrency
principles:
- name: Visibility
  description: Pull Fincra transaction and settlement reports; attribute fees per business, currency, and payment method.
- name: Allocation
  description: Tag transactions by customerReference / business to map spend to internal cost centers and corridors.
- name: Optimization
  description: Batch and net cross-currency flows, lock favorable quotes within the validity window, and choose lower-fee corridors and payment methods where viable.
- name: Accountability
  description: Assign owners per corridor/business; review per-transaction fees and FX spread monthly against budget.
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com