European banks lead open banking start-up Meniga’s €8.5m fundraise

By Daniel Lanyon on Friday 29 May 2020

Digital Banking

Meniga's latest round was led by Groupe BPCE, Grupo Crédito Agrícola and UniCredit.

European banks lead open banking start-up Meniga’s €8.5m fundraise
Image source: Meniga/ Georg Ludviksson.

Meniga has closed an €8.5m strategic investment round led by Groupe BPCE, Grupo Crédito Agrícola and  UniCredit. 

Other participants in the round include current institutional investors Velocity Capital, Industrifonden and Frumtak Ventures.

Meniga’s digital banking platform helps banks and fintechs use personal finance data to innovate via data aggregation, rewards and transaction-based carbon insights.

“We are very pleased to welcome Groupe BPCE and Crédito Agrícola to our growing group of strategic investors. Partnering closely with our customers is a key part of our strategy to be the preferred digital innovation partner to our clients,” said Georg Ludviksson, CEO and Co-founder of Meniga. 

Meniga says demand for Open Banking is spreading rapidly across the globe with large banks becoming more interested.

“We believe in fostering long-term relationships with the best fintechs in the market in order to continue developing innovative products and services with tangible benefits for our clients.“, said Olivier Khayat,  Co-CEO Commercial Banking Western Europe at UniCredit. 

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