# Meniga

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

- Industry: Software
- Headquarters: London, UK
- Website: www.meniga.com/
- Total disclosed funding: $22M
- Latest round: Series C (Mar 31, 2017)
- Investors on record: 4

## About

Meniga Ltd., based in the UK, operates as a digital banking solutions provider, specializing in enhancing customer engagement through sophisticated transaction data analysis and hyper-personalized insights for financial institutions.Meniga Ltd. was founded in 2009 and is headquartered in London, UK. The company specializes in digital banking solutions aimed at improving the customer experience for financial institutions. As of November 2023, Meniga raised GBP 12.57 million in SERIES D funding from notable investors including Groupe BPCE and Crédito Agrícola, among others. The funding will support the company's focus on advancing its core competencies in data enhancement and providing payment capabilities in the Open Banking ecosystem. Dheeraj Soni is the current CEO.Meniga offers personalized digital banking solutions designed to enhance customer engagement through the analysis of transaction data. Their core product suite includes tools for transaction data enrichment and hyper-personalized insights, helping financial institutions build meaningful relationships with their customers. These solutions enable banks to provide tailored financial advice, drive customer savings, and optimize customer outreach through features like automated savings and gamified banking experiences. Meniga's products are deployed by over 165 banks globally across Europe, Asia, and the Americas, focusing on improving user experiences in both digital and traditional banking sectors.In 2023, Meniga reported a revenue of GBP 11,068,148.90 and an EBITDA of GBP 1,065,683, primarily generated through subscription-based partnerships with financial institutions. Clients pay for access to Meniga's advanced digital banking solutions designed to enhance customer interactions and operational efficiency.Following its recent fundraising round on November 15, 2023, Meniga plans to allocate the raised GBP 12.57 million to pay off current debt and implement a new strategic plan focusing on enhancing data augmentation and hyper-personalized insights for the financial sector. The company aims to expand its services, particularly in the Open Banking and Open Finance ecosystem, enhancing payment capabilities for participating banks. Meniga is also exploring opportunities for geographic expansion into new markets to further increase its reach and impact.

## Funding rounds

- Series C, Mar 31, 2017, $7.5M — Industrifonden, Velocity Fintech Ventures, Frumtak Ventures, Kjolfesta
- Series C, Oct 13, 2016, $3.6M — Velocity Fintech Ventures, Frumtak Ventures
- Series B, Jan 14, 2016, $4.3M — Frumtak Ventures
- Series A, Jul 11, 2013, $6.5M — Frumtak Ventures, Kjolfesta
- Seed, Jun 1, 2010 — Frumtak Ventures

## Investors

- Frumtak Ventures (https://capitalatlas.ai/funds/frumtak-ventures) — Seed, Series A, Series B, Series C
- Kjolfesta — Series A, Series C
- Velocity Fintech Ventures — Series C
- Industrifonden (https://capitalatlas.ai/funds/industrifonden) — Series C