Banked, a UK FinTech offering a “pay by bank” solution, has closed its Series A funding.
In Brief:
It raised $20mn led by the Bank of America.
Banked was founded in 2018 to offer alternative card payment methods.
It enables users to pay without creating an account or passing on login information to Banked, in seconds.
What does this mean?
The latest round not only brings Banked’s total funding to $30mn but adds prominent new US investors, including the Bank of America, which will support the firm’s planned expansion into that market.
