Meniga Raises €7.5M Equity Round to Advance Personalisation in Digital Banking

Iceland Sweden Investments 06 April 2017
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Meniga, a Rejkavik, Iceland-founded and London, UK-based fintech company, provider of digital banking technology for the world’s largest banks, raised a €7.5M ($7.94M) funding round led by Nordic venture capital investor Industrifonden. Other participants in the round include current investors Velocity Capital, Frumtak Ventures and Kjolfesta.

The funding will be used for continued investment in Meniga’s R&D activities, as well as for strengthening the sales teams to meet growing demand.

Meniga, founded in 2009 by Asgeir Orn Asgeirsson, Viggo Asgeirsson and Georg Ludviksson (CEO), has developed a digital banking platform helping banks use personal finance data to enrich their online and mobile customer experiences. Having pioneered white-label Personal Finance Management (PFM) in 2009, Meniga has since expanded its product offering to include data-driven card-linked offers, personalisation and other user-centric services designed to make online and mobile banking more engaging and useful.

Prior to this investment, Meniga raised almost $15M.