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Announced

Completed

Insight Partners led a $15m Series A extension round in Banked.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Minority

Private Equity

Single Bidder

Private

Acquisition

FinTech

payments

fintech

financial services

United Kingdom

Cross Border

Venture Capital

Completed

Synopsis

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Insight Partners, a global software investor, led a $15m Series A extension round in Banked, the London-based fintech company building a next-gen global payment network. "Banked has a huge ambition and we believe they have built the team and product to tackle such an exciting opportunity in payments. There are many ways to approach the problem, and Banked's unique strategy in partnering with commercial banks and payment service providers, as well as their product capabilities, stood out to us," Byron Lichtenstein, Insight Partners Managing Director.

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