Banked

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FinTech Infrastructure?
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Early
?
Banking services
?

Banked is a British company offering an API-based open banking payment infrastructure platform for banks, payment providers, gateways, and technology platforms. It allows customers to handle payments directly from bank accounts for customer checkouts and business payouts in place of card payments. The company claims that users can checkout in under 30 seconds and noted that bank details are not shared with the merchants. The platform charges customers a 0.1% flat fee to process payments.

Key customers and partnerships


In February 2022, Bank of America partnered with Banked to launch an online payment solution “Pay by Bank” for ecommerce companies.

Funding and financials

Banked raised USD 15 million in funding in November 2022, led by Insight Partners, as an extension to its USD 20 million Series A funding round in February. The company had earmarked the funds for investing in supporting its geographic expansion, mainly to the US.

HQ location:
229 Forest Avenue Palo Alto CA USA
Founded year:
2018
Employees:
101-250
IPO status:
Private
Total funding:
USD 46.9 mn
Last Funding:
USD 15.0 mn (Series A; Nov 2022)
Last valuation:
-
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Product Overview
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Company profile
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