Meniga, a London, UK-based personal financial management provider, raised €15 million in Series D funding, bringing its total raised of €55 million in funding to date.
SaaS Investors
The investment round includes major European banks Groupe BPCE and Crédito Agrícola, along with Icelandic VC group Omega ehf.
Groupe BPCE is the second-largest banking group in France that serves 35 million customers – individuals, professionals, companies, investors, and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney.
Group Crédito Agrícola is a Portuguese cooperative banking and insurance group, offering a wide range of financial products and services to individuals and companies. Crédito Agrícola is one of the largest and most solid financial groups in Portugal with 618 branches in Portugal and representation offices in Luxembourg, Geneva, and Paris.
Omega ehf. is a private investment vehicle that invests in a broad range of ventures and private equity. Focusing on innovation, Omega invests in various sectors, including HealthTech, FinTech, and Real Estate development.
Meniga Use of Funds
The company will use the funding to clear existing debt and further develop its core capabilities around data enrichment and hyper-personalized insights for the financial services sector. The company will also focus on enabling Payments capabilities for banks in the Open Banking and Open Finance ecosystem.
About Meniga
Meniga is a digital banking platform that helps banks, businesses, and individuals manage their financial data. The company's portfolio of products includes personal finance management, carbon insight services, automated real-time notifications, predictive analytics and personalized engagement technologies, targeted rewards, and consumer data analytics. Meniga’s offices are in London, Reykjavik, Stockholm, and Warsaw, and count UOB, UniCredit, Swedbank, and Commercial Bank of Dubai among its clients. The company serves over 100 million banking customers across 30 countries.
Funding Details
Company: Meniga Ltd.
Raised: €15.0M
Round: Series D
Funding Month: December 2023
Investors: Groupe BPCE, Crédito Agrícola, and Omega ehf
Company Website: https://www.meniga.com/
Software Category: Financial
Source: https://www.meniga.com/blog/fintech-meniga-raises-15-million-to-scale-and-shift-gears/