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Omnes Capital leads EUR8.4m fundraising in Bankin’

Bankin’ has secured an EUR8.4 million fundraising round led by Omnes Capital, with participation from CommerzVentures, Generation NewTech and business angels.

The French provider of personal finance management apps intends to use the funds to speed up its R&D investments and develop new features.
 
The Bankin' mobile app aims to simplify and clarifiy money management including bank accounts, expense items (automatic categorisation) and monthly budgets. It also provides a forecast for end of month balance and automatic alerts of risks of overdraft. While Bankin’ can display several accounts from different banks together, the app also serves those who hold accounts at a single bank (about 65 per cent of users).
 
The funding will allow Bankin’ to accelerate its R&D to continuously develop new features. Bankin’ will shortly be offering wire transfers (currently in testing), between a person’s own accounts or to third parties. This new feature will allow the app to directly replace traditional bank wire transfer services.
 
"Thanks to this funding, we will be accelerating our innovations and meeting new requirements as expressed by our users. The possibility to execute wire transfers in a few clicks, relevant and personalised advice for better management of your money on a daily basis, an enhanced user experience will contribute to developing a more successful and smart solution," says Joan Burkovic, CEO and co-founder. "Our investors straight away signed up to our vision and our values, and we remain independent of the banks, something essential to us. Their support is vital to pursue our ambitious growth targets in the months and years to come.”
 
”The Bankin' app is clearly a leader among the various personal finance management solutions. However, the vision of the two co-founders, Joan Burkovic and Robin Dauzon, combined with an ambitious outlook on product development convinced us to support the company,” says Xavier Brunaud, principal at Omnes Capital.

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