Bankin’ raises $22.6 million for its financial coach

TechCrunch | 4/18/2019 | Staff
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/04/Bankin_C.jpg?w=600

French startup Bankin’ is raising a new $22.6 million funding round (€20 million). The company has managed to attract 2.9 million users in France and wants to become the only app you need to manage your money.

Overall, Bankin’ has raised over $32 million (€28.4 million). Investors include Omnes Capital, Commerz Ventures, Génération New Tech, Didier Kuhn, Simon Dawlat and Franck Lheurre.

Bankin - Aggregator - Bank - Accounts - App

Bankin’ first developed an aggregator so that you could view all your bank accounts from a single app. The company has been using a combination of APIs and scrapping to connect to nearly all French banks, 85 percent of Spanish and British banks and 65 percent of German banks.

The app automatically categorizes your transactions and sends you push notifications to alert you of important changes. There’s also a budget feature that can predict how much money you’ll have at the end of the month.

Bankin - Step - Transfers - App - Bank

Bankin’ went one step further and started adding transfers from the app. If you want to ditch your bank app, you need to be able to...
(Excerpt) Read more at: TechCrunch
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