What is Bankifi?
Founded in 2017, BankiFi operates as a specialized technology platform designed to enhance the business banking experience. The company provides a comprehensive suite of integrated services, including accounting, invoicing, and payment processing, which are seamlessly embedded into the existing digital channels of financial institutions. By enabling banks to offer these value-added tools, BankiFi empowers them to better serve their SME clients, effectively transforming the bank from a mere transactional provider into a central hub for business management. This B2B2B model allows financial institutions to retain customer loyalty while providing the essential digital workflows that modern businesses require to thrive in a competitive landscape.
How much funding has Bankifi raised?
Bankifi has raised a total of $8.5M across 3 funding rounds:
Unspecified
$3M
Corporate Investment
$656K
Other Financing Round
$4.8M
Unspecified (2021): $3M with participation from Greater Manchester Combined Authority and Praetura Ventures
Corporate Investment (2021): $656K led by The Co-operative Bank
Other Financing Round (2022): $4.8M supported by Praetura Ventures
Key Investors in Bankifi
Praetura Ventures
A venture capital firm focused on supporting entrepreneurs in Northern England, Northern Ireland, and Scotland through both financial backing and operational guidance.
Greater Manchester Combined Authority
A regional government body dedicated to improving the economic and social landscape of the Greater Manchester area through strategic investments.
The Co-operative Bank
A long-standing financial institution providing a wide range of banking products and services to retail and SME customers across the United Kingdom.
What's next for Bankifi?
Looking ahead, BankiFi is well-positioned to capitalize on the ongoing digital transformation within the banking sector. With the support of its strategic backers, the company is expected to focus on deepening its integration capabilities and broadening its service offerings to include more sophisticated financial management tools. The current trajectory suggests a move toward greater market penetration, as more traditional banks seek to modernize their SME offerings to compete with agile fintech challengers. By maintaining its focus on operational efficiency and user-centric design, BankiFi is poised to remain a key player in the evolution of business banking infrastructure.
See full Bankifi company page
