Banked

Banked is a digital payments startup that provides an account-to-account payment software platform that lets consumers, businesses, and banks process payments in real-time, more securely.

Banked is aiming to become the leading provider of alternatives to card payment methods. 

Banked was founded in 2018 by Brad Goodall and Neil Ambler. The company is headquartered in London, United Kingdom, with an office in Palo Alto, California.

 

Banked is the architect of a new global payment network offering a real alternative to the card schemes. The company lets consumers pay using their bank without entering their account details at checkout.

 

Banked uses biometric security, QR codes and SMS messages to authorise payments made through the service, eliminating the need to create an account or enter financial information.

 

Banked also enables businesses to drive customer engagement and loyalty with incentives and rewards integrated into the payment experience. Banked has also added incentives including a reward programme with British Airways.

 

Banked is backed by Insight Partners, Bank of America, Acrew, Citi, Edenred Capital Partners, Force Over Mass, National Australia Bank Ventures, Rapyd, Backed VC, Firestartr, OM2, Love Ventures, Kuvi Capital, and others. The company raised $15M (£12.6M) in a Series A extension round on Nov 15, 2022. This brings Banked's total funding to $42.3M to date.

 

 

  • Year founded: 2018
  • Funding Info: $42.3M over 4 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: London
  • State: London
  • Country: United Kingdom
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