BankiFi secures strategic investment from Nationwide
Nationwide backs the business banking technology provider through its £50m Venturing Fund.
BankiFi provides an open cash management platform that helps financial institutions improve digital banking services for small and medium enterprises. The company operates globally with offices across Europe, Australia, and North America.
Nationwide has made a strategic investment in BankiFi through its £50m Venturing Fund. The partnership aims to support Nationwide as it prepares to launch a new business current account. The funding will allow Nationwide to integrate additional financial services and tap into BankiFi's expertise in business banking technology.
The investment marks the latest deployment from the fund established by Nationwide a year prior to foster collaboration with early-stage start-ups. BankiFi intends to work alongside the society to enhance its digital offerings for business customers.
From the founder
"We truly believe that the value creation in Open Banking centres around the business customer. They deserve financial and banking services that are wrapped around their daily lives, offered by a robust partner that can offer continuity and a flexible approach."
Mark Hartley
Founder and CEO at BankiFi
