# Banco

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/banco

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.banco.com.sg
- Total disclosed funding: $6.7M
- Latest round: Series A (Aug 30, 2022)
- Investors on record: 5

## About

Based in Singapore, and founded in 2018, Tknest Pte. Ltd doing business as Banco provides the solutions to manage the finance and cash flow of growing business. In August 2022, the firm raised USD 6.7 million in Series A funding led by investor SBI-Hikari Private Equity, with the participation of other investors KZM & Company Group, R3, Savills, and Sumitomo Mitsui Banking Corporation.

The firm offers various financial solutions for small and medium-sized enterprises (SMEs) such as invoices paid+ a cash management tool that is designed to manage the cash efficiently. Additionally, the company provides an account receivable/payable tool which helps in the automation of accountable receivable/payable for both SMEs and enterprises. Furthermore, the firm offers deep–tier SCF for upsizing the early payment program and green finance for enterprises to become sustainable along with managing their finance.

The company plans to use the August 2022 funding for team expansion and support its product development.

## Funding rounds

- Series A, Aug 30, 2022, $6.7M — Sumitomo Mitsui Banking Corporation, SBI-Hikari Private Equity, Savills, KZM & Company Group, R3

## Investors

- Sumitomo Mitsui Banking Corporation — Series A
- SBI-Hikari Private Equity (https://capitalatlas.ai/funds/sbi-hikari-private-equity) — Series A
- Savills — Series A
- KZM & Company Group — Series A
- R3 — Series A