A2A payments firm Banked secures $15 million Series A extension
Summary
Users are then securely connected to their mobile banking app to biometrically authenticate the purchase.The software suite includes a checkout API for businesses to embed on their Websites and a P2P banking app for consumers.The company charges a flat fee of 0.1% to process payments. Its software also transfers money without sharing customer bank details, with a claimed 96% reduction in fraud. In a demonstration of Bankeds commitment to the US the firm opened an office in Palo Alto, California and relocated CEO Brad Goodall from London to lead this expansion. "Leading banks recognise the significant opportunity it presents to improve the end-customer experience and merchant value proposition. There is a queue forming to be part of the new payment network and to help shape its future with a seat at the table.
Funding
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