Manchester-based embedded banking solutions platform for small and medium businesses, BankiFi has raised £4 million in funding to continue its global expansion, especially in North America.
The funding comes on the back of its recent establishment of a U.S. sales office.
The startup plans to bring its embedded banking platform to over two million SMEs across four continents by 2024 through its bank partners.
The round was led by Praetura Ventures and backed by Greater Manchester Combined Authority (GMCA).
The UK-based fintech aims to enable financial institutions to provide a set of integrated services accounting, invoicing and payments designed around the processes SME and trade customers use to run their business.
It equips banks and financial institutions to become customer-centric, rather than product-centric, increasing their revenues (direct and through actionable insights) and reducing costs.
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