London-based BKN301 Group, a fintech company focused on Banking-as-a-Service, has completed a €21.5M capital raise in its Series B funding round from both existing and new investors.
New investors include CDP Venture Capital SGR (via the Digital Transition Fund), Azimut Libera Impresa SGR (through the Azimut Digitech Fund advised by FNDX), SIMEST (through the F.394/81 fund managed for the Ministry of Foreign Affairs and International Cooperation), Alisei Forinvestments led by Aldo Fumagalli, and others.
Existing investors such as SM Capital, Prosus Group, CRIF, Abalone Group, Federico Ghizzoni, and Fabio Nalucci also participated in the round.
Capital utilisation
BKN301 Group will use the funds to support its growth in international markets through internal development and acquisitions, as well as to further build its BaaS Orchestrator platform.
Stiven Muccioli, co-founder and CEO of BKN301 Group, says, “Closing a Series B round in today’s market environment is a major achievement and signals the beginning of an exciting new growth phase for BKN301.”
“Our goal remains clear: to bring an efficient, scalable, and innovative Banking-as-a-Service model to global markets. With our new industrial plan, we anticipate a CAGR of 36 per cent in EBITDA by 2028, as we continue to deliver intuitive, seamless financial and payment services to a growing number of partners and their end users.”
Transforming banking with scalable innovation
Founded in 2021, BKN301 provides Banking-as-a-Service technology through its BaaS Orchestrator platform.
This platform enables financial institutions, fintech companies, neobanks, and other financial service providers to integrate banking and payment features into their offerings using a single API gateway.
The BaaS Orchestrator allows clients to choose specific services and supports a Contract-as-a-Service model, helping institutions streamline operations, expand services, and access new markets. The platform is designed to support digital transformation by offering a unified entry point for financial services.
BKN301 operates globally, with a presence in the EMEA region. The company has offices in London, Milan, San Marino, Doha, and Tbilisi. It works with various financial organisations to support growth, innovation, and market adaptability through digital banking technology.
