BKN301 expands Series B and acquires UK fintech Planky to advance AI-first banking
BKN301, a fintech architecture provider, has expanded its Series B funding and acquired Planky, a UK-based company specializing in AI-driven financial analytics. This strategic move, backed by a credit facility, brings the total raised to £29 million and underscores BKN301's commitment to advancing AI-first banking solutions in the European market. The acquisition is set to strengthen BKN301's platform with Planky's AI capabilities, driving the development of a next-generation fintech infrastructure. The BKN301 platform, cloud-native and proprietary, supports banks and fintech companies by modernizing legacy architectures. It is built upon three core components: the API Orchestrator, the Data Decoupling Layer, and the Business Logic Engine. Planky's machine learning models, specializing in real-time financial insights and predictive analytics, will be integrated to enhance the intelligence and automation capabilities. The integration of Planky's AI engine will enable financial institutions to provide more intelligent, faster, and personalized digital banking experiences. This approach is designed to maintain high compliance and scalability standards across EMEA markets. BKN301's roadmap includes strengthening AI capabilities, expanding partnerships, and exploring further acquisitions to drive innovation and market reach.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.