I just joined this group but I think this could be an interesting discussion from
Indie Hackers (not written be me):
“I’ve been thinking recently about API businesses. This movement seems to have started with some companies many Indie Hackers will know well, such as Stripe & Twilio. I’m seeing it more and more:
•
Plaid - API for open banking
•
Duffell - API for travel
•
Pay It Off - API for student loads
•
Alpaca - API for open banking
I wanted to understand what makes these markets suitable for APIs as a business. Thinking out loud here...
1. There seems to be a bias towards finance/fintech
2. The underlying supplier seems large, slow, complicated incumbents (banks, airlines, etc)
3. Some of these are regulated industries
Any other things you noticed about these API companies? What makes them good businesses? Has anyone else seen any other interesting API businesses?”