About Banked
Banked is a company based in London (United Kingdom) founded in 2018 by Patrick Cox, Neil Ambler, Ellen Thornhill Fernandes, and Brad Goodall.. Banked has raised $39.85 million across 4 funding rounds from investors including Tink, Citi and National Australia Bank. The company has 25 employees as of December 31, 2020. Banked has completed 2 acquisitions, including VibePay and Waave. Banked offers products and services including Checkout, Payment Links, Payouts, Refund, and Reporting. Banked operates in a competitive market with competitors including Zeta, Tink, Yapily, TrueLayer and Finastra, among others.
- Headquarter London, United Kingdom
- Employees 25 as on 31 Dec, 2020
- Founders Patrick Cox, Neil Ambler, Ellen Thornhill Fernandes, Brad Goodall
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Banked Ltd
- Date of Incorporation 03 Nov, 2017
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$65.45 K (USD)0as on Nov 30, 2023
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Net Profit
$-26.37 M (USD)0as on Nov 30, 2023
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EBITDA
$-29.22 M (USD)0as on Nov 30, 2023
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Total Equity Funding
$39.85 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series A
Nov 15, 2022
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Investors
Tink
& 17 more
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Employee Count
25
as on Dec 31, 2020
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Investments & Acquisitions
VibePay
& 1 more
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Products & Services of Banked
Banked offers a comprehensive portfolio of products and services, including Checkout, Payment Links, Payouts, Refund, and Reporting. 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.
Fast and secure payment processing for online transactions.
Shareable links for easy and secure customer payments.
Instant, low-cost processing of business payouts.
Immediate refunds for quick fund reuse by users.
Provides data insights to support business growth.
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Funding Insights of Banked
Banked has successfully raised a total of $39.85M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in November 2022. 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 4
- Last Round Series A — $15.0M
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First Round
First Round
(19 Nov 2018)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - Banked | Valuation | Insight Partners | |
| Feb, 2022 | Amount | Series A - Banked | Valuation | Bank of America , Edenred Capital | |
| May, 2020 | Amount | Seed - Banked | Valuation | Force Over Mass |
| 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 Banked
Banked has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tink, Citi and National Australia Bank. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Edenred Group
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Acrew Capital venture firm.
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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 Banked
Banked has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include VibePay and Waave. 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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Merchant payments are facilitated via open banking technology.
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2022 | ||||
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Link-based payment solutions are offered through a mobile app platform.
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2005 |
| 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 - Banked
| 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 |
Banked Comparisons
Competitors of Banked
Banked 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, Yapily, TrueLayer and Finastra, 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 |
Platform offering open banking API solutions for payment infrastructure to banks and businesses
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| domain | founded_year | HQ Location |
Provider of open banking API solutions for payment institutions
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| domain | founded_year | HQ Location |
Financial software solutions for lending, payments, and banking are provided.
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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 Banked
Frequently Asked Questions about Banked
When was Banked founded?
Banked was founded in 2018.
Where is Banked located?
Banked is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Banked?
Brad Goodall is the current CEO of Banked. They have also founded this company.
Is Banked a funded company?
Banked is a funded company, having raised a total of $39.85M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.93M, raised on Nov 19, 2018.
How many employees does Banked have?
As of Dec 31, 2020, the latest employee count at Banked is 25.
What is the annual revenue of Banked?
Annual revenue of Banked is $65.45K as on Nov 30, 2023.
What does Banked do?
Banked was founded in 2018 in London, United Kingdom, within the fintech sector. Open banking API solutions are offered to facilitate payments directly from bank accounts for consumers and businesses. Payment and data APIs are provided, allowing developers to retrieve financial information and develop related products. Operations focus on enabling secure, account-to-account transactions across the region.
What products or services does Banked offer?
Banked offers Checkout, Payment Links, Payouts, Refund, and Reporting.
How many acquisitions has Banked made?
Who are Banked's investors?
Banked has 18 investors. Key investors include Tink, Citi, National Australia Bank, Rapyd, and Bank of America.
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