Banked, the London-based fintech startup, has announced its plans to establish its presence in the United States, marking a significant milestone in the company’s growth trajectory. The expansion aims to propel Banked’s mission of transforming online payments, making them faster, more secure, and cost-effective.
Founded in 2019, Banked has gained recognition for its innovative approach to digital payments. By leveraging Open Banking, the company introduced a unique solution that allows merchants to offer customers the option of paying directly from their bank accounts, eliminating the need for traditional card payments.
The US expansion opens up abundant opportunities for Banked to tap into the world’s largest economy, revolutionizing how Americans conduct online transactions. The move aligns with Banked’s ambitious goal of transforming the payment ecosystem into a more efficient and inclusive space.
The company’s entry into the US market is timely, considering the rising demand for alternative payment methods and the emergence of API-based financial services. With its cutting-edge technology and user-friendly interface, Banked aims to disrupt the traditional card-dominated payment system, addressing pain points such as high transaction fees and lengthy settlement times.
Banked’s CEO, Brad Goodall, expressed his excitement about the US expansion, stating, “Our expansion into the US signifies a major step in our journey towards revolutionizing the online payments landscape. Our technology empowers businesses to streamline transactions while providing customers with a seamless and secure payment experience.”
Banked’s US presence enables merchants to leverage the platform’s capabilities and harness the benefits of Open Banking, driving down costs and reducing friction for both businesses and consumers. By removing intermediaries, Banked empowers merchants to regain control over payments and enhance customer experience.
Furthermore, Banked’s expansion creates employment opportunities, contributing to the local economy while fostering technological innovation in the US fintech sector. The company plans to establish key strategic partnerships in the US, collaborating with industry stakeholders to drive the adoption of its disruptive technology.
The US market entry builds upon Banked’s successful collaborations with renowned brands in Europe, establishing the company as a formidable force in the payment industry. Backed by strong investment and an experienced team, Banked continues to enhance its cutting-edge technology to meet the evolving demands of businesses and consumers alike.
Banked’s expansion into the US marks a significant milestone and highlights the growing importance of transformative fintech solutions. As the company forges ahead, it aims to redefine the online payment landscape, unlocking new possibilities and reshaping the way we transact in our increasingly digital world.