Iceland-born finance startup Meniga has closed an €8.5 million ($9.4m) funding spherical, because it researches additions to its present suite of digital banking options.
The corporate, headquartered in London, has now raised nearly $35m since its 2009 basis. The most recent spherical was backed by a few of Europe’s best-known monetary establishments, corresponding to France’s Groupe BPCE, UniCredit of Italy and Portuguese Grupo Crédito Agrícola.
Meniga’s tech permits banks to innovate transactions with knowledge. Its purpose is to “bring people, businesses and banks together in a mutually beneficial ecosystem,” its web site says.
At this time’s spherical will assist the corporate construct out its gross sales and repair divisions to cater to rising demand. Meniga at the moment serves 90m folks in 800 organizations globally.
“We are very pleased to welcome Groupe BPCE and Crédito Agrícola to our growing group of strategic investors,” Georg Ludviksson, Meniga CEO and co-founder, mentioned in a press release.
“Partnering closely with our customers is a key part of our strategy to be the preferred digital innovation partner to our clients,” Ludviksson added. “An equity relationship is an excellent way to strengthen such partnerships.”