Payments startup Banked is poised to challenge the dominance of established players in the sector as it launches out of beta after securing another £2.35 million (€2.7 million approx.) in seed funding.
The London-based firm’s account-to-account payment software lets consumers, businesses and banks process payments in real-time, more securely, and for one-tenth of the traditional cost. It has now raised a total of £5.35million and the latest investment was led by Force Over Mass, with participation from Backed, Acrew Capital (San Francisco based) and high net worth partners including the family office of serial investor and co-founder of indeed.com, Paul Forster.