# Banked

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

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.banked.com
- Total disclosed funding: $38M
- Latest round: Series A (Nov 2, 2022)
- Investors on record: 15

## About

Banked Ltd. is a UK-based company specializing in real-time payment solutions for consumers and businesses, providing a secure and efficient payment processing platform that minimizes transaction costs.Founded in 2017 in London, UK, Banked Ltd. operates as a payment technology provider, primarily focusing on real-time transaction processing. The founders of Banked include Brad Goodall, Ellen Fernandes, Neil Ambler, and Patrick Cox. The company has secured a total of GBP 13.582 mn across its funding rounds, with the most recent deal occurring on September 12, 2024, led by Insight Partners and involving investors such as Citi Ventures and NAB Ventures. Banked's current valuation is GBP 114.055 mn.Banked offers a comprehensive real-time payments platform designed for consumers, businesses, and financial institutions. Its core products include a fast and secure checkout solution that enhances consumer experience, along with an advanced global incentives platform aimed at converting potential customers into active buyers. The technology minimizes payment acceptance costs, enabling quicker cash flow operations with instant processing, secure Payment Links, and QR Codes, all backed by advanced encryption and fraud protection services. The company serves a diverse clientele across the UK and Europe, including merchants, banks, and developers, focusing on transaction efficiency and customer loyalty solutions.In 2022, Banked generated revenue amounting to GBP 48,302.20, while recording an EBITDA of GBP -18,263,684.90. The firm's revenue model relies on transaction processing fees from its payment services, where clients pay based on transaction volume processed, benefiting from cost efficiencies compared to traditional payment methods.Banked Ltd. is focused on launching new products aimed at enhancing its real-time payments offerings. With the recent investment deal on September 12, 2024, the company plans to further develop its technology and expand into new markets across Europe and potentially North America within the next two years. The funding will support these initiatives, enabling the design and launch of innovative payment solutions and enhancing their market presence.

## Funding rounds

- Series A, Nov 2, 2022, $15M — Insight Partners, Citi Ventures, NAB Ventures, Rapyd Ventures
- Series A, Dec 20, 2021, $18M — Bank of America, Firestartr, Force Over Mass Capital, Edenred Capital Partners, 9Yards Capital, Acrew Capital, Kuvi Capital, Sidekick Partners, OM2, Love Ventures
- Seed, Mar 26, 2020, $2.9M — Force Over Mass Capital, Backed VC, Acrew Capital
- Seed, Aug 1, 2018, $1.9M — Backed VC

## Investors

- Backed VC (https://capitalatlas.ai/funds/backed-vc) — Seed
- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Seed, Series A
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Seed, Series A
- Bank of America — Series A
- Firestartr (https://capitalatlas.ai/funds/firestartr) — Series A
- Edenred Capital Partners (https://capitalatlas.ai/funds/edenred-capital-partners) — Series A
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series A
- Kuvi Capital (https://capitalatlas.ai/funds/kuvi-capital) — Series A
- Sidekick Partners (https://capitalatlas.ai/funds/sidekick-partners) — Series A
- OM2 — Series A
- Love Ventures (https://capitalatlas.ai/funds/love-ventures) — Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series A
- NAB Ventures (https://capitalatlas.ai/funds/nab-ventures) — Series A
- Rapyd Ventures (https://capitalatlas.ai/funds/rapyd-ventures) — Series A