BankiFi is putting banks at the heart of business.
BankiFi is a technology platform designed to make business banking better, enabling banks to provide a set of integrated services - accounting, invoicing and payments - designed around the processes your customers use to run their business. We equip banks to become customer centric, rather than product centric - increasing your revenues and reducing costs while allowing your business customers to thrive.
Equipping banks to take on challengers:
Both new regulation and advances in tech have lowered the barriers to entry in banking and finance, enabling new entrants to erode bank revenues.
SMEs are seen as the low-hanging fruit, having been underserved for too long. Fintechs, payment processors and alternative finance providers have already taken market share of several banking services, and payables and receivables will be the next area attacked - with deposits no doubt following. But by embedding banks within business workflows through simple-to-deploy financial tools, we can help you take on the challengers and become indispensable to your customers - protecting your position.
The company operates out of the UK (Manchester) and Australia (Sydney).
BankiFi is a technology platform designed to make business banking better, enabling banks to provide a set of integrated services - accounting, invoicing and payments - designed around the processes your customers use to run their business. We equip banks to become customer centric, rather than product centric - increasing your revenues and reducing costs while allowing your business customers to thrive.
Equipping banks to take on challengers:
Both new regulation and advances in tech have lowered the barriers to entry in banking and finance, enabling new entrants to erode bank revenues.
SMEs are seen as the low-hanging fruit, having been underserved for too long. Fintechs, payment processors and alternative finance providers have already taken market share of several banking services, and payables and receivables will be the next area attacked - with deposits no doubt following. But by embedding banks within business workflows through simple-to-deploy financial tools, we can help you take on the challengers and become indispensable to your customers - protecting your position.
The company operates out of the UK (Manchester) and Australia (Sydney).
Location: United Kingdom, England, Manchester
Employees: 11-50
Total raised: $12.67M
Founded date: 2018
Investors 2
| Date | Name | Website |
| 23.03.2022 | Plug and P... | plugandpla... |
| - | NBS Ventur... | nbsventure... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 08.12.2022 | - | $4.8M | - |
| 17.08.2022 | - | $4.84M | - |
| 01.09.2021 | - | $3.03M | - |
Mentions in press and media 18
| Date | Title | Description |
| 16.08.2022 | BankiFi Raises $4.8M in Funding | 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 in... |
| 16.08.2022 | Manchester-based BankiFi nabs £4 million to boost embedded banking for SMEs | At a time when funding in fintech startups has slowed down, Manchester-based embedded banking solutions platform for small and medium businesses, BankiFi has raised £4 million in funding to continue its global expansion, especially in North... |
| 16.08.2022 | BankiFi raises £4m to ramp up US expansion | Manchester-based fintech BankiFi has raised £4m in funding to ramp up its US expansion and push into new markets. Manchester’s Praetura Ventures led the funding round, with support coming from the Manchester Combined Authority (GMCA) to mak... |
| 16.08.2022 | UK-based BankiFi raises €4.7M to expand embedded banking solutions to North America | Manchester, UK-based BankiFi, a provider of embedded banking solutions for small and medium businesses (SMEs), announced on Monday that it has raised $4.8M (approximately €4.72M) in a fresh round of funding to expand into North America. The... |
| 15.08.2022 | UK-based fintech startup Bankifi raises $4.8M to offer embedded banking solutions for small and medium businesses (SMEs) and expand into the US market | With the rise of challenger banks and neobanks, community financial institutions in the United States continue to face existential threats from fintech companies, national banks, and accounting package vendors that are offering a competitiv... |
| 25.07.2022 | Launches, Partnerhsips & Expansions: Interesting startup milestones we tracked this week | The European startup ecosystem is full of interesting and exciting news, twists and turns. At EU-Startups, our aim is to keep you informed on everything that’s going on and share the inspiring entrepreneurial spirit this continent has to of... |
| 14.02.2022 | 35. BankiFi | 0 shares Share Tweet Pin LinkedIn Founder: Mark Hartley Website: https://www.bankifi.com/ Business: A fintech platform designed to improve the business banking process, helping banks provide a range of integrated services, including ... |
| 14.12.2021 | 22 UK tech companies selected for Tech Nation International Growth Programme into Southeast Asia and Australia | 22 of the UK's most ambitious tech scaleups join Tech Nation programme to accelerate expansion in international markets The four-month programme was created as part of the UK Government's Digital Trade Network, an initiative to support UK t... |
| 02.12.2021 | Ten UK tech scaleups complete international fundraising bootcamp | We are excited to announce that ten UK tech scaleups have completed the second cohort of Tech Nation’s International Fundraising Bootcamp. The Bootcamp prepared founders to raise VC funds internationally across Seed to Series C rounds and ... |
| 01.12.2021 | Manchester’s Fintech Platform, Bankifi, Receives £500K Investment from Co-operative Bank | The Co-operative Bank has reportedly invested £500,000 in Manchester-headquartered Fintech platform Bankifi as part of a large co-development deal. BankiFi is “putting banks at the heart of business.” As noted by its management: “BankiFi is... |
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