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Banked

Global payments network

Banked logo
101-200 employees
  • Fintech
  • B2C
  • B2B
  • Enterprise
  • Banking
  • Payments
  • Financial Services
  • SaaS
Soho, London, UK

Company mission

To deliver a fairer, faster and highly secure payment network to merchants and consumers.

Top investors

40% female employees

61% employee growth in 12 months

Our take

Banked's software lets consumers, businesses and banks process payments faster, more cheaply and more securely. Leveraging open banking technology, merchants and customers are able to receive money from transactions as they happen, no longer having to wait days and weeks to see the funds.

Banked is already integrated with most UK banks including Barclays, HSBC and Santander, as well as challenger banks such as Monzo and Starling. To leverage the Banked checkout system, businesses simply need to embed the company’s API into their checkout process. Individuals can use the free Banked app to create payment links to request money from anyone, without sharing personal banking details.

One of Banked’s key challenges will be to convince consumers to switch to this new way of paying. The company's self-stated competitors are huge enterprises, including Visa and MasterCard, who have built immense financial empires by charging high fees. That said, the industry support for the company's pay-by-bank model is clear, as it boasts an impressive list of partners and collaborators. It has also raised significant funding, the latest of which is being used to accelerate US expansion and grow its team.

Freddie headshot

Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Udemy Training
  • Spill Unlimited Therapy Sessions
  • Volunteering Days
  • Competitive 26 Day Holiday Allowance
  • Fund a Goal — Employee Awards
  • WFH Allowance
  • Global Meet Ups
  • Value Ambassadors + Incentives
  • Flexible Working

Company values

  • Stay Curious - those who keep questioning don’t settle for the obvious, so here at Banked : we ask you to stay curious. Innovate, inspire, and look beyond
  • Bring Warmth - everything is better in the sun, so be that light. Collaborate with respect and understanding, work with an open mind. Together is stronger
  • Own + Deliver - Own it with pride, act with purpose; have a plan and deliver. Make it happen

Funding (last 2 of 4 rounds)

Nov 2022

$15m

SERIES A

Feb 2022

$20m

SERIES A

Total funding: $40m

This company has top investors

Leadership

Brad Goodall

(Co-Founder & CEO)

15 years experience in finance. Co-founded 10x Future Technologies, a next-generation core banking business model.

Neil Ambler

(Co-Founder & COO)

Experience in M&A and business consulting.

Experience in strategy and innovation around the world.

Patrick Cox

(Co-Founder)

Founder of Everything Set. Currently the Creative Advisor for Loom.