16 August 2022

BankiFi gains £4mn funding, eyes US expansion

Written By FinTech Alliance

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. 

Up Next ...
09 December 2022

Profile Pensions acquired by Moneyfarm

Digital wealth business Moneyfarm has bought Profile Pensions. In Brief: Profile Pensions ...

09 December 2022

Walmart to offer buy now, pay later through FinTech venture

US supermarket giant Walmart is planning to offer buy now, ...

09 December 2022

Mastercard partners with Paysend for cross-border transactions

Mastercard and Paysend have announced a new partnership to improve ...

08 December 2022

Zumo hires first Chief Data & Analytics Officer

Zumo, a cryptocurrency platform based in Scotland, has hired a ...

More in Embedded Finance

mmob scoops three global business awards

01 December 2022

FinTech Alliance company mmob has won three awards from Global ...

Railsr considers sale following raise

09 November 2022

Railsr, the embedded finance provider formerly known as Railsbank, is ...

Weavr announces Singapore launch at Web Summit

03 November 2022

London based technology business Weavr has announced it will expand ...

Solaris appoints new CEO

28 October 2022

Solaris, previously known as Solarisbank, has appointed a new CEO. In ...

There are no Knowledge Bank in this category

There are no Events in this category