London-based fintech Meniga has successfully raised $16 million in Series D funding to develop its suite of digital banking tools for FIs, including personal finance, open banking, and data enrichment. The company, founded in 2009 and initially based in Reykjavik, Iceland, aims to assist banks in leveraging customer spending data more effectively. Meniga’s CEO, Dheeraj Soni, highlighted the company’s recent cost optimization efforts, streamlined product offerings, and the addition of two new banking clients in the past six months as positive indicators of its progress, with the funding set to support strategic hires and business expansion in Southern Europe and the Middle East.
Mengia, a Fintech Company Rasies 16 Million in Series D Funding
