BankiFi, a Columbus, OH-based provider of embedded banking solutions for small and medium businesses (SMB), raised $4.8M in funding.
The round was led by Praetura Ventures.
The company intends to use the funds to accelerate its expansion into North America.
Led by CEO Keith Riddle, BankiFi provides an open cash management platform and architecture that financial institutions embed into their current digital banking infrastructure to address the specific issues of their SMB portfolio. The platform enables financial institutions to provide a set of integrated services – accounting, invoicing and payments – designed around the processes SMB and trade customers use to run their business. It equips financial institutions to become customer centric, rather than product centric, increasing their revenues (direct and through actionable insights) and reducing costs. BankiFi’s offices are in Ohio, Manchester, Sydney and Antwerp.
FinSMEs
16/08/2022