Clipperton announces the closing of its third FinTech transaction in less than 12 months: a €7 million financing for Bankin’, a leading European Personal Finance Management app. The funding was provided by new investors Omnes Capital, and CommerzVentures, with the participation of historical investor Oddo & Cie via its investment vehicle Generation New Tech.
Clipperton acted as sole financial advisor to Bankin’.
Paris – January, 16th 2017 – Leading European Personal Finance Management app Bankin’ announces it has raised €7 million in financing from Omnes Capital, CommerzVentures and Generation New Tech. This brings the company’s total financing to date to €8.4 million.
Established in 2011 by Joan Burkovic and Robin Dauzon, Bankin’ has been reshaping the way we manage our bank accounts through an intelligent and user-friendly mobile app that simplifies money management. The app is currently connected to over 350 banks in Europe and is available in France, the UK, Spain and Germany. With more than 2 million synched accounts, the company currently handles the metadata of over 300 million transactions every month.
The new funding will allow Bankin’ to accelerate its R&D efforts into developing features such as in-app wire transfers, automated savings and smart financial recommendations in order to provide a unique, bank-agnostic digital solution for daily money management across Europe.
Commenting on the transaction, Joan Burkovic, co-founder & CEO of Bankin’ said “Our investors signed up to our vision and our values straight away, and we remain independent from the banks, something which is essential to us. Their support is vital to pursue our ambitious growth targets in the months and years to come”.
“With its app, Bankin’ is a clear leader among the various personal finance management solutions. The vision of Joan & Robin combined with an ambitious outlook on product development convinced us to support the company” added Xavier Brunaud, Principal at Omnes Capital.
The closing of this €7 million A-round further demonstrates Clipperton’s expertise in FinTech, after the recent financings of Lydia and KissKissBankBank on top of the sale of Leetchi/Mangopay to Crédit Mutuel Arkéa.
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Clipperton is a European independent corporate finance advisory firm exclusively dedicated to the Technology and Healthcare industries, advising innovative companies on M&A transactions, debt financings and equity offerings. With offices in London, Berlin, and Paris and an international reach, Clipperton is a European leader in Technology financial advisory. Over the past 15 years, the team has successfully completed more than 200 high profile transactions globally.