Toyota Ventures backs the fintech firm through its Climate Fund to support continued growth.
"Commercial fleet vehicles account for a disproportionate percentage of emissions, so the transition to widespread electrification is critical,"
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The latest funding rounds from the UK tech ecosystem. Updated 16 October 2026.
Announcements
903
Total raised
£37.1B
disclosed amounts
This month
£25.0M
raised so far
Toyota Ventures backs the fintech firm through its Climate Fund to support continued growth.
"Commercial fleet vehicles account for a disproportionate percentage of emissions, so the transition to widespread electrification is critical,"
The London-based fintech company secured the funding from Insight Partners to support its expansion into new geographies.
"Insight Partners is an amazing global firm withsuch strength in the payments and fintech space. To increase our share price in thiscurrent market with overwhelming demand from investors, I couldn’t be happier tohave Insight onboard to build what is a multibillion-dollar opportunity. I am alsoexcited that Citi, NAB and Rapyd are joining as it shows that Banked has realstrength in working with the biggest and best banks and payment firms in theworld."
The pre-seed round features backing from business leaders including Louis and Reg Rix, Anthony Morrow, and Gary Corbett.
"I believe Boodil have identified a gap in the market with their proposition, which is being highlighted by the early adoption of their one click cardless payment solution. Myself and Reg have experience in Open Banking, utilising it for 247Money and believe Boodil has the potential to really disrupt the open banking payments market"
The payments startup has raised an additional $5m, bringing its total funding to $10m.
The financing round involved major shareholders and new strategic investors, taking total capital raised to £10m.