About Bankable
Bankable is a company based in London (United Kingdom) founded in 2010.. Bankable has raised $11.98 million across 8 funding rounds from investors including Visa. The company has 6 employees as of December 31, 2021. Bankable has completed 1 acquisition, including Arex. Bankable offers products and services including Bank Accounts, Cards as a Service, Payment Infrastructure, and Credit as a Service. Bankable operates in a competitive market with competitors including Zeta, Tink, Banked, NIUM and Currencycloud, among others.
- Headquarter London, United Kingdom
- Employees 6 as on 31 Dec, 2021
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Bnkbl Ltd
- Date of Incorporation 23 Jul, 2007
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$29.48 M (USD)55as on Dec 31, 2022
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Net Profit
$-4.55 M (USD)-140as on Dec 31, 2022
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EBITDA
$-5.69 M (USD)-156as on Dec 31, 2022
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Total Equity Funding
$11.98 M (USD)
in 8 rounds
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Latest Funding Round
- Investors
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Employee Count
6
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Bankable
Bankable offers a comprehensive portfolio of products and services, including Bank Accounts, Cards as a Service, Payment Infrastructure, and Credit as a Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables IBAN issuance and virtual accounts for cash management
Facilitates custom branded card programs for corporate expenses
Supports real-time transfers and integrates KYC services
Provides off-balance sheet credit for SME financing
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Funding Insights of Bankable
Bankable has successfully raised a total of $11.98M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(07 Jan 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series A - Bankable | Valuation | Visa |
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| Mar, 2019 | Amount | Seed - Bankable | Valuation |
investors |
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| May, 2016 | Amount | Seed - Bankable | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bankable
Bankable has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Visa. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Digital payment solutions are offered to individuals and businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bankable
Bankable has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arex. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online marketplace for invoice financing
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bankable
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bankable Comparisons
Competitors of Bankable
Bankable operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Tink, Banked, NIUM and Currencycloud, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
Cross-border money transfer solutions are provided for businesses globally.
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for cross-border transactions.
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| domain | founded_year | HQ Location |
Platform offering open banking API solutions for payment infrastructure to banks and businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bankable
Frequently Asked Questions about Bankable
When was Bankable founded?
Bankable was founded in 2010.
Where is Bankable located?
Bankable is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Bankable a funded company?
Bankable is a funded company, having raised a total of $11.98M across 8 funding rounds to date. The company's 1st funding round was a Seed of $2.01M, raised on Jan 07, 2010.
How many employees does Bankable have?
As of Dec 31, 2021, the latest employee count at Bankable is 6.
What is the annual revenue of Bankable?
Annual revenue of Bankable is $29.48M as on Dec 31, 2022.
What does Bankable do?
Bankable was established in 2010 as the trading name of Cards Prepaid Limited, based in London, United Kingdom. Operations focus on the fintech sector, where white-label solutions for payments are provided. Services include e-wallets, m-wallets, remittance options, peer-to-peer money transfers, and prepaid card programs. These offerings support various financial operations across the region.
Who are the top competitors of Bankable?
What products or services does Bankable offer?
Bankable offers Bank Accounts, Cards as a Service, Payment Infrastructure, and Credit as a Service.
How many acquisitions has Bankable made?
Bankable has made 1 acquisition, including Arex.
Who are Bankable's investors?
Bankable has 1 investor. Key investors include Visa.
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