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Banked Raises $20M Series A Led By Bank Of America And Edenred For Us Expansion

Feb 14, 2022over 3 years ago

Amount Raised

$20 Million

Round Type

series a

Palo AltoSustainabilityLending And InvestmentsFinancial ServicesMobile

Description

Banked is a FinTech startup that offers an alternative to card schemes. Consumers are able to pay without entering financial data, no need to create an account, no financial details are shared, authorization is biometric, and the merchant receives the funds in real-time. Businesses use it to drive customer engagement and loyalty with incentives and rewards embedded inside the payment process. It also claims its fees are up to 90% lower than the traditional payment methods

Company Information

Company

Banked

Location

Palo Alto, California, United States

About

Banked is a FinTech startup that offers an alternative to card schemes.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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