Banked, a London-based fintech, recently announced a $20M Series A funding round led by Bank of America and Edenred Capital Partners. Additional investors in the funding round include Sidekick Partners, 9Yards, Acrew, Force Over Mass, Firestartr, and OM2. Through its Pay by Bank infrastructure, Banked has virtually eliminated fraud through use of biometric authorisation. Banked differentiates itself in the fintech infrastructure space by allowing users to create an account without providing traditional login credentials or pass any login to the company.
Banked Secures $20M in Funding Led by Bank of America