About Banked
Banked is a Financial Services company based in London (United Kingdom) founded in 2018 by Patrick Cox, Neil Ambler, Ellen Thornhill Fernandes, and Brad Goodall, and was acquired by National Australia Bank in May 2026. Open banking APIs for payments and data access are provided. Banked has raised $39.85 million across 4 funding rounds from investors including Tink, Citi and National Australia Bank. The company has 25 employees. Banked has completed 2 acquisitions, including VibePay and Waave. Its chief executive, as recorded, is Brad Goodall. Its website banked.com draws about 123 thousand monthly visits. Banked offers products and services including Checkout, Payment Links, Payouts, Refund, and Reporting. Its focus areas include FinTech, Banking Tech, Open Banking and Aggregation APIs. Its legal entity is BANKED LTD. Its competitors include Yapily, TrueLayer and Finastra; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Employees 25
- Founders Patrick Cox, Neil Ambler, Ellen Thornhill Fernandes, Brad Goodall
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website banked.com
- Social LinkedIn X
- Acquired by National Australia Bank (May 2026)
- Legal Name Banked Ltd
- Date of Incorporation 03 Nov, 2017
- Jurisdiction LONDON, ENGLAND
- Annual Revenue$65.45 K (USD)as on Nov 30, 2023
- Net Profit-$26.37 M (USD)as on Nov 30, 2023
- EBITDA-$29.22 M (USD)as on Nov 30, 2023
- Total Equity Funding$39.85M (USD)
in 4 rounds
- Latest Funding Round$15M (USD), Series A
Nov 2022
- InvestorsTink
& 17 more
- Employee Count25
- Investments & AcquisitionsVibePay
& 1 more
- Acquired byNational Australia Bank
(May 2026)
Products & Services of Banked
Banked offers a comprehensive portfolio of products and services, including Checkout, Payment Links, Payouts, Refund, and Reporting.
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.
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 $39.85M
- Total Rounds 4
- Last Round Series A — $15M
- First Round $1.92M
(Nov 2018)
- Investors Count 18
All 4 funding rounds of Banked with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $15M | Series A | – | Insight Partners | |
| Feb 2022 | $20M | Series A | – | Bank of America, Edenred Capital | |
| May 2020 | $2.93M | Seed | – | Force Over Mass | |
| Nov 2018 | $1.92M | Seed | – | Backed | – |
18 investors in total: 16 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Venture capital firm backed by Edenred Group | edenredcapital.com | London, United Kingdom | ||
Early-stage startups are funded by Acrew Capital venture firm. | acrewcapital.com | Palo Alto, United States | ||
Venture capital fund focused on SaaS, AI, blockchain, gaming, fintech, and multiple sectors | fomcap.com | London, United Kingdom | ||
Tech focused VC firm investing in seed stage startups in the UK | firestartr.co | London, United Kingdom | ||
Limited information is provided about the company's activities. | kuvicap.com | London, United Kingdom | ||
Investments are directed toward proptech, fintech, and consumer tech sectors. | loveventures.co.uk | London, United Kingdom | ||
OM2 is engaged in building and funding fintech companies. | 2019 | om2.com | Herzeliya Pituach, Israel | |
Sustainable growth and operational support are provided by Sidekick Partners. | sidekickpartners.com | |||
Venture capital firm providing seed funding and community support to founders | backed.vc | London, United Kingdom |
Investor details for Banked
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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- Co-investor network
Verified entity values are shown only after access is granted.
People of Banked
38 people are tracked at Banked (13 in leadership, 1 in board & advisors, 24 in team); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
Patrick Cox | Co-Founder | Leadership |
Neil Ambler | Co-Founder & COO | Leadership |
Ellen Thornhill Fernandes | Co-Founder | Leadership |
Brad Goodall | Co-Founder & CEO | Leadership |
Rossella Roe (Assoc. CIPD) | VP People | Leadership |
Adi Topaz | Chief Technology Officer | Leadership |
Joe Pettersson | President & Chief Commercial Officer | Leadership |
Julien DA SILVA | VP of Engineering | Leadership |
Bex Pimenta | Head Of Employee Experience And Engagement | Leadership |
Maya Kumar | Chief Revenue Officer | Leadership |
Parag Ladhawala | Chief Growth Officer | Leadership |
Erin Dunn | People Business Partner | Leadership |
Frederika Johnstone | Chief of Staff | Leadership |
Ellie Fernandes | Co-Founder | Board & advisors |
Pedro Fernandes | Senior Platform Engineer | Team |
Ines Tlili | Senior Tech Lead | Team |
Chris Murray | Senior SRE | Team |
Pedro Carneiro | Strategy & Corporate Development | Team |
Mark Hammond | Senior Software Engineer | Team |
John Fernandez | CLCO | Team |
18 more people are available in the full profile.
Complete people profiles for Banked
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Banked
Banked has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include VibePay and Waave.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Link-based payment solutions are offered through a mobile app platform. | vibepay.com | Lancaster, United Kingdom | 2005 | Apr 2025 | •••• | |
Merchant payments are facilitated via open banking technology. | waave.com | Sydney, Australia | 2022 | Oct 2024 | •••• |
Complete acquisition details for Banked
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Banked
6 dated milestones of Banked across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Banked is founded.
- Funding First funding round of $1.9M.
- Funding Latest funding round, Series A, of $15.0M.
- Acquisition Acquires Waave.
- Acquisition Acquires VibePay.
- Exit Acquired by National Australia Bank.
Competitors of Banked
Banked has 3 listed competitors in our database, 2 of them funded. They include Yapily, TrueLayer and Finastra.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yapily.com | 2017 | London, United Kingdom | $70.78M | 79 | Platform offering open banking API solutions for payment infrastructure to banks and businesses | |
| truelayer.com | 2016 | London, United Kingdom | $348.8M | Provider of open banking API solutions for payment institutions | ||
| finastra.com | 2017 | London, United Kingdom | 1,890 | Financial software solutions for lending, payments, and banking are provided. |
Detailed competitors of Banked
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Banked
The website of Banked (banked.com) receives about 123.2K visits a month.
- Monthly visits123.2K
▼ 31.2% vs previous month
Websites whose visitors overlap most with Banked. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| businesscloud.co.uk | 100% | 151.3K | #315,848 | View details | |
| fintechfutures.com | 100% | 247.5K | #188,215 | View details |
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Banked (Banking & FinTech Platforms) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | 3,462 | ||
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 |
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Related news about Banked
Complete news archive for Banked
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Frequently Asked Questions about Banked
Banked was founded in 2018.
Banked is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Brad Goodall is the CEO of Banked, as recorded in our data. They have also founded this 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 $1.92M, raised on Nov 2018.
Banked has 25 employees.
Annual revenue of Banked is $65.45K as on Nov 30, 2023.
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.
Banked offers Checkout, Payment Links, Payouts, Refund, and Reporting.
Banked has 18 investors. Key investors include Tink, Citi, National Australia Bank, Rapyd, and Bank of America.
Banked operates through Banked Ltd.