Iceland-born finance startup Meniga has closed an €8.5 million ($9.4m) funding round, as it researches additions to its current suite of digital banking solutions.
The company, headquartered in London, has now raised almost $35m since its 2009 foundation. The latest round was backed by some of Europe’s best-known financial institutions, such as France’s Groupe BPCE, UniCredit of Italy and Portuguese Grupo Crédito Agrícola.
Meniga’s tech allows banks to innovate transactions with data. Its aim is to “bring people, businesses and banks together in a mutually beneficial ecosystem,” its website says.
Today’s round will help the company build out its sales and service divisions to cater to growing demand. Meniga currently serves 90m people in 800 organizations globally.
“We are very pleased to welcome Groupe BPCE and Crédito Agrícola to our growing group of strategic investors,” Georg Ludviksson, Meniga CEO and co-founder, said in a statement.
“Partnering closely with our customers is a key part of our strategy to be the preferred digital innovation partner to our clients,” Ludviksson added. “An equity relationship is an excellent way to strengthen such partnerships.”