Bank of America and Edenred Capital Partners led a $20m funding round in Banked.

Bank of America, a multinational investment bank and financial services holding company, and Edenred Capital Partners, a venture capital investment arm of Edenred group, led a $20m funding round in Banked, a fintech startup, with participation from Acrew, Force Over Mass, Firestartr, OM2, Love Ventures, Kuvi Capital, Paul Forster, Sidekick, 9Yards and Huey Lin. “We are building a branded network for the benefit of all merchants and consumers merchants who work with us benefit from being part of the ecosystem for example a more seamless checkout, customer awareness and comfort with the payment method alongside all the obvious benefits fo much cheaper payments, lower fraud, instant refunds etc,” Brad Goodall, Banked CEO.