Bankingly raises $11m in new investment round

Bankingly, a fintech company, has completed its $11 million investment drive for long-term expansion.

IDB Lab, IDC Ventures, Athos Group, Kube Ventures, Grupo Finacess, iThink VC, Sonen Capital, and Oikocredit participated in the round, which was led by Dalus Capital. Elevar Equity and Endeavor Catalyst are among the other new investors.

Bankingly is establishing itself as a digital transformation strategic partner for financial institutions, focused on the creation of customer-centric products and digital channels.

In order to achieve financial inclusion through the technology wave of the post-pandemic world, the company is collaborating with cooperatives, microfinance institutions, and small and medium banks in emerging nations.

Bankingly’s SaaS platform is currently used by around 100 financial institutions in Latin America and Africa.