Meniga raises £12.9m in Series D funding from Groupe BPCE, Crédito Agrícola and Omega to clear debt and roll out a new strategy.
The Series D round was backed by European banks and investors including Groupe BPCE and Crédito Agrícola.
Meniga provides personal finance management solutions and digital banking technology for major financial institutions globally. The company operates offices across several international hubs including London and Reykjavik.
Meniga has secured £12.9m in Series D funding from a group of European financial institutions and private investment firms. The fresh capital will be directed towards clearing existing debt and executing a new strategic roadmap focused on data enrichment and open banking capabilities.
The financing was backed by major participants including Groupe BPCE, Crédito Agrícola, and Omega, alongside support from existing shareholders. This injection follows the appointment of chief executive Raj Soni earlier in the year as the firm aims to broaden its product offerings and expand its global footprint.
Investor perspective
"We are excited to continue our partnership with Meniga, which currently empowers the digital banking experience for our over 10 million users, and provides more than 100 million insights for our users every year. We are looking forward to seeing the firm’s continued focus on enrichment as well as personalised insights. These capabilities are critical for all BPCE banks to effectively engage with their end users and we have seen firsthand how Meniga’s solution is a key component for banks to succeed."
Emmanuel Puga Pereira
Chief Digital Officer, Groupe BPCE
Use of funds
- 01Continue product development
- 02Scale operations
