Bankin, a France based banking management mobile app creator, announced on Thursday it secured €20 million through its Series B investment round. Founded in 2011, Bankin reported that the mobile app implies the money management process. The company believes that money management should be simple and transparent so that users can focus on other things in life. Bankin currently has near three million users in Europe.
The company’s mobile helps to simplify the money process by offering the following:
- Intelligent Algorithms: Are able to detect savings opportunities customized for users and adapted to their situation. Real bespoke to discover how much the user could save on topics of savings, credits, insurance or banking. And other topics are coming!
- Team of Coaches: Users may chat with coaches to help seize savings opportunities and optimize money. These are real human coaches (they are part of the Bankin ‘team, so they are independent of banks), they are not intended to sell products or banking services, but to help users in optimizing their finances personal.
Speaking about the investment, the Bankin team stated:
“This fundraising allows us to reinforce our ambition and make money management simple, thanks to major innovations such as My Opportunities and My Progress . You have always been, you are and you will remain our top priority! It’s in this sense that we are expanding our tech, marketing and coaching teams with more than 20 new hires by the end of the year, reaching 70 employees. We are looking for new talent, many positions are available. Join us ! We will strengthen the presence of Bankin ‘in France but also in Europe: United Kingdom, Spain, Germany.”
Other information about the funding round, including who participated, has not been disclosed at this time.