16 August 2022

BankiFi gains £4mn funding, eyes US expansion

Written By FinTech Alliance in Embedded Finance

BankiFi gains £4mn funding, eyes US expansion

FinTech BankiFi has raised £4mn funding as it aims to take its product to the American market. 

In Brief: 

The Manchester based FinTech offers an embedded finance product that connects banks and SMEs. 

It offers open cash management architecture to help transform a bank’s digital banking infrastructure. 

The funding round was led by Praetura Ventures, and supported by the Great Manchester Combined Authority. 

What does this mean? 

The round follows a £2.2mn raise last year, and will help BankiFi focus on its next aim of taking its embedded platform into international markets. It has recently established a US office and will focus on North America. 

Read more here. 

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