Yesterday we announced a further $15M secured to our series A funding round extension, as a result of an oversubscribed Series A earlier this year led by Bank of America.
This latest infusion of capital brings Banked’s total investment raised to date to over $50 million and includes the participation of new global investors supporting the company’s expansion into new geographies with a focus on the U.S. and Australia.
The series A extension has been led by global software investor Insight Partners and has been supported by Citi and National Australia Bank Ventures, recognizing Banked’s traction and distinct approach to building a Pay by Bank global network. Newly announced commercial partner and global payments firm Rapyd also participated in this round.
Series A Extension Partners.
Of the new investors, Goodall says:
— Brad Goodall, Banked : CEO
— Byron Lichtenstein, Insight Partners.
We at Banked, now have close to 100 staff and are growing. Come join us as we grow and build the Pay by Bank : global payment network.
Banked Ltd is authorised and regulated by the UK Financial Conduct Authority
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