No products in the cart.
- Latest
- Trending
ADVERTISEMENT
This week’s convenient Friday funding roundup includes three UK-based fintech startups: Banked, Boodil and AGAM.
Fintech company based in London bank Raised that’s all $15 million In a series A extension round led by Insight Partners.
Banked Raises Over $15 Million in New Funding
Citi, National Australia Bank Ventures and Rapyd also participated in the round.
Today’s funding brings Banked’s total capital raised to date to over $50 million and the start-up looks to inject new capital into expansion into new geographies, primarily in the United States .
Founded in 2018, Banked offers a Pay by Bank alternative to card payments and employs nearly 100 people.
Unlike other mainstream global payment methods, users do not need to create an account or pass their login information to Banked. Simply select their existing bank at checkout and they will be securely connected to their mobile banking app. biometrically authenticate purchases, says Banked. .
It claims that first-time users have a total checkout time of less than 30 seconds, and that its costs are “significantly lower” for merchants whose transactions are real-time and settled instantly.
Open banking payment app based in Manchester Boudil secured 525,000 Pre-seed funding with investments from angels and business leaders.
Boudil Raises Funding
Founded this year, Boodil offers an alternative payment solution by allowing users to checkout “seamlessly and securely” from within their banking apps.
This not only saves businesses significant fees, but it also reduces the risk of fraud and chargebacks while clearing funds instantly, Boodil said.
Boodil also offers customers points upon purchase, which can be redeemed for rewards and prize draws.
The startup aims to launch cardless payment methods in the fourth quarter of 2022, and the new capital will be used to develop the company’s proposition and bring it to market this year.
UK-based fintech company AgamFocused on personal and corporate lending, Amount undisclosed In the latest funding round.
AGAM receives new funding
The round was joined by the Development Bank of Wales. AGAM is a graduate of the UK Department for International Trade’s Global Entrepreneur Programme, the FinTech Wales Foundry Accelerator Program and Invest UK.
With the new funding, AGAM said it is looking to expand its operations in other markets, including Bangladesh and India.
The company is piloting PrimeAgrim, a digital nano loan service platform, in Bangladesh with Prime Bank, one of the country’s leading private and commercial banks. The aim is to provide smarter access to finance through artificial intelligence (AI).
This funding will enable us to accelerate our mission, both in terms of developing the technology that underpins our platform, facilitating new commercial partnerships and entering new markets following our successful deployment in Bangladesh. said Shabnam Wazed, Founder and CEO of AGAM.
