UniCredit is strengthening its partnership with Meniga, a global leader in digital banking solutions, by participating in a new funding round together with Groupe BPCE, Grupo Crédito Agrícola and other institutional investors such as Velocity Capital, Industrifonden & Frumtak Ventures.
The funding of 8.5 million euros will be used for continued investment in Meniga's R&D activities, as well as for strengthening the sales & service teams to meet growing demand.
"We believe in fostering long-term relationships with the best fintechs in the market in order to continue developing innovative products and services with tangible benefits for our clients. The partnership with Meniga has allowed us to offer a simple, tailored and very user-friendly digital banking experience to our customers and we look forward to continuing to work together to support our clients' digital banking needs with innovative solutions", said Olivier Khayat, Co-CEO Commercial Banking Western Europe at UniCredit.
Meniga's digital banking platform helps banks and fintechs use personal finance data to innovate in their online and mobile channels. Meniga's product offering includes data aggregation technologies, personal and business finance management solutions, cashback rewards and transaction-based carbon insights.
With the Open Banking movement spreading rapidly across the globe, Meniga is facing growing demand for its products and services which are already being used by more than 90 million banking customers across 30 countries.