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.
To provide multilingual access, this article summary was automatically generated.
Source Information
European Alternatives You Might Like
Mollie
Mollie is a Dutch payment service provider that facilitates online and in-person payment processing for businesses. It enables users to accept various payment methods, including credit cards, bank transfers, and digital wallets. Key features include quick setup, transparent pricing, and support for multiple European payment methods. Mollie is suitable for businesses of all sizes, from startups to established enterprises, looking to streamline their payment processes and expand their customer reach by offering diverse payment options.
Mailbox
Mailbox.org is a secure email provider offering a comprehensive digital workspace. It provides email, calendar, cloud storage, and an office suite, including document editing, and video conferencing capabilities. This service is designed for both individuals and businesses seeking GDPR-compliant communication and data storage solutions. Key features include end-to-end encryption options, secure file sharing, and customizable domain support.
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.