Bankin’ Raises €20M

Bankin’, the Paris-based startup “building the future of money management,” has raised €20m is a Series B round, bringing its total funding to date to ~$31.6m.

Founded in 2011, Bankin' offers a money management app that allows users to view all their accounts in one place. The app categorizes transactions, offers a budget feature that predicts how much money a user will have at the end of the month, and allows users to transfer money. With this latest round, the company is announcing a new feature that will help users detect saving opportunities across different areas such as credit cards, insurance, and banking. The new feature, which combines “intelligent algorithms and human coaching,” will allow users to chat with the company’s coaches to save more and better manage their money.

“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. 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. 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.” – Cofounder and CEO of Bankin’, Joan Burkovic.

Bottom Line: 2.9M users across Europe.