Paris-based money management app Bankin’ raises €20 million Series B

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Paris-based Bankin’ is an app that connects with banks in France, the UK, Germany, and Spain to make money management simple, accessible, and enjoyable.

Founded in 2011, the startup has just raised a €20 million Series B round from an undisclosed investor, bringing the total raised by the fintech to €28 million.

Bankin’ has already been accelerating innovation, having just launched the first hybrid model combining intelligent algorithms and human coaching to better help its customers to save money.

The app’s intelligent algorithms are able to detect savings opportunities customised for customers and adapted to their situation, regarding topics including savings, credit, and insurance. Customers can also chat with Bankin’s personal coaches to optimise their personal finances.

Listening to our users has pushed us to go further to become a true trusted third party, independent and judicious, through which they can be guided and rely on for all their questions,” said Joan Burkovic, co-founder and CEO of Bankin’.

Since our last round of fundraising, we have more than doubled our number of users, created several structuring partnerships, and added many features requested by our users,” added Burkovic. “I am very happy to continue this journey and to have the means to reach our goal of becoming the European leader in money management.