UK-based Meniga offers banking infrastructure through application programming interfaces (APIs) for banks to build digital banking solutions. Its infrastructure enables user enterprises to include data and finance management solutions including personal and business finance management as well as cash flow assistance. The infrastructure enables banks to personalize offerings to clients using personal data.
In addition to legacy banking services, the infrastructure also offers “Carbon Insights”, which tracks the estimated carbon footprint of individual transactions to help reduce their personal carbon footprint. In March 2021, Iceland-based Íslandsbanki, became the first Nordic bank to implement the Carbon Insights Solution, to its digital banking offering.
Key customers and partnerships
As of March 2021, the company had 165 banking clients with operations in over 30 countries. In addition to its UK headquarters, Meniga was also present in Reykjavik, Stockholm, Warsaw, Singapore and Barcelona.
Funding and financials
In December 2023, Meniga raised EUR 15 million (USD 16.5 million) in Series D funding, to reduce the company’s existing debt and invest in product developments, focusing on advancing core capabilities around Data Enrichment and Hyper Personalized Insights for the financial services sector.
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