About Bankingly
Bankingly is a company based in Montevideo (Uruguay) founded in 2015 by Martin Naor.. Bankingly has raised $18.75 million across 3 funding rounds from investors including Elevar Equity, Sonen Capital and Oikocredit. Bankingly offers products and services including Web & Mobile Banking, Conversational Banking, Digital Onboarding, and Fraud Prevention. Bankingly operates in a competitive market with competitors including Amount, MANTL, Tyfone, Asseco and Narmi, among others.
- Headquarter Montevideo, Uruguay
- Founders Martin Naor
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.75 M (USD)
in 3 rounds
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Latest Funding Round
$2.5 M (USD), Series A
Jun 29, 2023
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Investors
Elevar Equity
& 12 more
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Employee Count
Employee Count
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Products & Services of Bankingly
Bankingly offers a comprehensive portfolio of products and services, including Web & Mobile Banking, Conversational Banking, Digital Onboarding, and Fraud Prevention. 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.
App offering innovative features for clients' finances and customizable design.
Platform for personalized real-time interactions on social networks.
System for efficient financial product applications with biometric verification.
Tools to reduce risks through real-time actions and user scoring.
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Funding Insights of Bankingly
Bankingly has successfully raised a total of $18.75M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.5 million completed in June 2023. 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 3
- Last Round Series A — $2.5M
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First Round
First Round
(18 Nov 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Bankingly | Valuation | Oikocredit | |
| May, 2022 | Amount | Series A - Bankingly | Valuation | Dalus Capital | |
| Nov, 2018 | Amount | Series A - Bankingly | Valuation | Elevar Equity |
| 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 Bankingly
Bankingly has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Elevar Equity, Sonen Capital and Oikocredit. 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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Private equity firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Investing in early growth for inclusive businesses in education, healthcare, and e-commerce.
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Founded Year | Domain | Location | |
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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 Bankingly
| 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 |
Financial Statements - Bankingly
| 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 |
Bankingly Comparisons
Competitors of Bankingly
Bankingly 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 Amount, MANTL, Tyfone, Asseco and Narmi, 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 |
Omnichannel banking solutions are provided for banks and lenders.
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| domain | founded_year | HQ Location |
MANTL is recognized for providing account origination software to banks and credit unions.
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| domain | founded_year | HQ Location |
Omni-channel banking solutions are provided for mobile financial services.
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| domain | founded_year | HQ Location |
Omnichannel banking solutions are provided for internet and mobile platforms.
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| domain | founded_year | HQ Location |
Omnichannel banking solutions are provided for banks and credit unions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Bankingly
Frequently Asked Questions about Bankingly
When was Bankingly founded?
Bankingly was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Bankingly located?
Bankingly is headquartered in Montevideo, Uruguay.
Who is the current CEO of Bankingly?
Martin Naor is the current CEO of Bankingly. They have also founded this company.
Is Bankingly a funded company?
Bankingly is a funded company, having raised a total of $18.75M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.25M, raised on Nov 18, 2018.
What does Bankingly do?
Bankingly was founded in 2015 in Montevideo, Uruguay, as a provider of cloud-based omnichannel banking solutions. White-labelled digital platforms are offered to banks, credit unions, and microfinance institutions. Support is included for Android and iOS testing, along with multiple browsers, currencies, and languages. Security measures encompass end-to-end encryption and various authentication methods. Operations focus on the fintech sector with global applicability.
Who are the top competitors of Bankingly?
What products or services does Bankingly offer?
Bankingly offers Web & Mobile Banking, Conversational Banking, Digital Onboarding, and Fraud Prevention.
Who are Bankingly's investors?
Bankingly has 13 investors. Key investors include Elevar Equity, Sonen Capital, Oikocredit, Dalus Capital, and Puerto Asis Investments.
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