Omnio, a London, UK-based cloud-based Banking-as-a-Service platform for banks and corporates, raised €9 million of equity funding.
Existing investors participated in the fundraising and new investor Opentech.
The company supports other financial institutions and non-regulated enterprises with its Banking-as-a-Service model, which manages the complexity of offering retail financial products for leading consumer brands and financial institutions.
It delivers a modular end-to-end solution that supports the accounts of record through operations, regulatory reporting, and compliance.
Omnio builds on its pioneering Banking-as-a-Service offering, including its loyalty platform Domec and the Sercle business, the credit union platform, serving 135 financial institutions and over 1.5 million members of its credit unions, consumer brands, and banking customers.
The impressive growth continues with significant client wins which were recently signed in the travel, transportation, and sports/entertainment sectors in UK and Italy.
Omnio chairman Jörgen Durban said, “This fundraise will secure the working capital for Omnio to complete some exciting strategic plans, which include the imminent merger with Nordiska and Swiss Bankers as well as a listing this year.”
Stefano Andreani, founder of Opentech, will join Omnio’s board and executive team.
Company: Omnio Group Limited
Raised: €9.0M
Round: Equity Round
Funding Month: February 2023
Lead Investors:
Additional Investors: Opentech
Company Website: https://omnio.global/
Software Category: Banking-as-a-Service platform
About the Company: Omnio is a technology innovator working with clients across banking, retail, and travel to implement specialized embedded financial solutions within their ecosystems. Omnio’s Banking-as-a-Service platform empowers banks and large corporates to innovate at speed and deliver market-leading digital banking and embedded financial services. It works collaboratively with its clients to provide a range of added-value financial products into their existing customer journeys, enabling them to retain more wealth in their ecosystem, while improving customer engagement, satisfaction, and loyalty. The company’s mission is to create long-lasting connections between the brand and the customer. Omnio is an authorized e-money institution and a principal member of Visa and Mastercard.
Source: https://fintech.global/2023/02/13/baas-innovator-omnio-rakes-in-e9m/ https://www.openbankingexpo.com/news/fintech-omnio-secures-e9m-of-equity-funding/