7 years ago

Bud raises $20 million to connect banks to fintechs

  • Bud, a UK fintech that helps banks connect their apps and data to other fintech companies and financial service providers, has raised over $20 million in Series A funding

  • The round was led by HSBC, Goldman Sachs, ANZ, Investec’s INVC fund, and InnoCells

  • Bud will use the funding to expand its team and build out its platform

  • Bud’s technology allows banks to create new apps and services that enable customers to manage all of their financial products within a single app

  • The company currently works with 85 different companies, including fintechs Wealthify and PensionBee to more established companies like Hiscox and AJ Bell.

      • ProblemFinancial Services

      "Banks struggle to keep up with the growing demand for flexible and user-friendly financial services in the Open Banking/PSD2 era."

      Solution

      "Bud provides a technology platform that allows banks to connect their apps and data to third-party financial service providers (fintechs and traditional financial institutions) to offer their customers new and improved services and experiences. It makes financial management easier by aggregating various financial products in one app, and provides features like Smart Balance and Goals to help users understand their finances better and plan for the future."

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