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Banked
Global payments network
- 101-200 employees
- Fintech
- B2C
- B2B
- Enterprise
- Banking
- Payments
- Financial Services
- SaaS
- Soho, London, UK
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Company mission
To deliver a fairer, faster and highly secure payment network to merchants and consumers.
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
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: $39.9m
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.
Ellen (Thornhill) Fernandes
(Co-Founder)Experience in strategy and innovation around the world.
Patrick Cox
(Co-Founder)Founder of Everything Set. Currently the Creative Advisor for Loom.