Budget Insight Raises $35 Million In Funding From Psg Equity To Become One Of Europe’s Open Finance Leaders
Budget Insight Raises $35 Million In Funding From Psg Equity To Become One Of Europe’s Open Finance Leaders
04/04/22, 7:00 AM
Location
parisMoney raised
$35 million
Budget Insight, the leading aggregator of banking and financial data in France and a pioneer of Open Finance1 in Europe, is pleased to announce $35m (€31m) in funding from PSG Equity (“PSG”), a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth and build scale across Europe and the US. PSG will be a shareholder alongside the management team and Crédit Mutuel Arkéa. Crédit Mutuel Arkéa invested in Budget Insight in 2019 due to Budget Insight’s strong growth potential and the natural synergies arising from the combination of the two players. The investment helped Budget Insight cement its technological edge and pave the way for its new stage of expansion on a European scale
Company Info
Location
paris, ile de france, france
Additional Info
Budget Insight brings Open Banking and Open Finance tech solutions to more than 200 companies ranging from leading financial institutions to fintech startups. Its API enables clients and their end users to aggregate financial data and documents, and initiate payments. Drawing on powerful technology, an ability to offer an optimal user experience, and expertise in European regulatory requirements, Budget Insight gives its clients the tools needed to unlock more value for those who use financial services, while fostering fresh growth potential.