Fast-growing fintech Bankingly closes $11m investment round

Bankingly accelerated its growth with the culmination of a successful investment round for a total of 11 million US dollars. The round was led by Dalus Capital and supported by IDB Lab, IDC Ventures, Athos Group, Kube Ventures, Grupo Finacess, iThink VC, Sonen Capital and Oikocredit. The new investors join existing ones which include, among others, Elevar Equity and Endeavor Catalyst.

Bankingly positions itself as a strategic partner of financial institutions for their digital transformation, focusing on the development of customer-oriented applications and digital channels. The company specifically seeks to partner with cooperatives, microfinance institutions and small and medium banks in emerging markets, which have gained momentum in terms of financial inclusion thanks to the technological wave of the post-pandemic world.

Today, Bankingly has nearly 100 financial institutions in Latin America and Africa subscribed to its software-as-a-service (SaaS) platform. This new fundraising will enable the company to develop in 25 new markets, deepen its presence in Latin America, boost its development in Africa and facilitate entry into high-potential Asian markets.

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