Iceland-born startup Meniga is a digital banking platform that helps banks, businesses, and individuals manage their financial data. Currently headquartered in London, the company was founded in direct response to Iceland’s financial crisis in 2008 and is now keen to boost digital banking across Europe.
In a recent development, the fintech company has raised €10M in a fresh round of funding led by new and existing investors. The round was led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the round include Industrifonden, the UK Government’s Future Fund, and existing customers UniCredit, Swedbank, Groupe BPCE, and Íslandsbanki.