Backbase Raises €120 Million in Funding

by Kay Aloha Villamor in June 13th, 2022

Backbase, an Amsterdam, The Netherlands-based Backbase, creator of the category-leading Engagement Banking Platform, raised €120 million in growth equity

The funding from Motive Partners

The company intends to use the funds to continue to expand operations and its business reach.

Company: Backbase

Raised: €120.0M

Round: growth equity

Funding Month: June 2022

Lead Investors: Motive Partners

Additional Investors: 

Company Website:

Software Category: Engagement Banking Platform

About the Company: Backbase is a financial technology company on a mission to re-architect banking around the customer. Backbase Whitelabel Engagement Banking platform empowers banks and credit unions to rapidly digitize their customer-facing operations and create seamless journeys that meet and exceed the expectations of today's digital-savvy customers. With Backbase, banks and credit unions can put their customers back in the heart of their business.

Industry analysts Forrester, Gartner, Celent, Omdia, and IDC continuously recognize Backbase’s category leadership position. Over 150 financials around the world have embraced the Backbase Engagement Banking Platform - including Advanzia, Banco Caja Social, Banco de la Nacion Peru, Bank of the Philippine Islands, Berenberg, BNP Paribas, Citizens Bank, ENT, Greater Bank, HDFC, Judo Bank, KeyBank, National Bank of Bahrain, Navy Federal Credit Union, Natwest, Pictet & Cie, Raiffeisen, SchoolFirst Federal Credit Union, Standard Bank, Société Générale, TPBank, Washington State Employee Credit Union and Wildfire Credit Union.

Backbase was founded in 2003 in Amsterdam (global HQ), with regional offices in Atlanta (Americas HQ), Boise, Mexico City, Toronto, London, Cardiff, Dubai, Kraków, Singapore, Sydney, and Tokyo.


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