BKN301, a global Banking-as-a-Service (BaaS) provider, has raised £18.6 million in fresh capital to support its next phase of international expansion. This Series B round brings the company’s total funding to $47.3 million, marking a significant milestone in its mission to simplify financial integration across global markets.
The investment comes from a mix of existing and new backers, including CDP Venture Capital SGR, Azimut Libera Impresa SGR, SIMEST, and Alisei Forinvestments, alongside previous investors such as Prosus Group, CRIF, and SM Capital.
BKN301 is Bridging Financial Gaps Through Scalable Infrastructure
At its core, BKN301 solves a problem many traditional banks and fintechs face—outdated infrastructure and fragmented systems that make it hard to launch new financial services. BKN301’s unified API gateway connects core banking, payments, and third-party systems, allowing seamless integration without disrupting existing workflows.
With its BaaS Orchestrator platform, BKN301 enables clients to roll out tailored banking services—including core banking, digital wallets, card issuing, and payment processing—through flexible, developer-friendly APIs.
This new funding will support platform development, hiring, and international expansion, especially in Europe, following rapid growth in the Middle East and Africa.
A Fintech with Global Ambitions and Local Impact
Founded in 2021 by fintech veterans Stiven Muccioli, Federico Zambelli Hosmer (ex-PayPal), and Luca Bertozzi, BKN301 operates from London, with additional offices in Milan, San Marino, Tbilisi, and Doha. The company serves 18 million daily users in Egypt alone and has now entered Europe through a strategic partnership with Italian neobank HYPE.
BKN301’s goal is to create “a world without financial barriers” by offering inclusive, efficient, and scalable financial tools to emerging markets. Its focus on underserved regions gives it a competitive edge, especially in areas with large unbanked populations.
The company has already achieved operational break-even and expects £15.9 million in gross revenue for 2024, up 51% year-over-year. Net revenues are set to grow 236% year-over-year, reflecting strong customer demand. Since launch, BKN301 has recorded 187% overall growth.
BKN301 Technology Is Designed for Speed and Flexibility
What makes BKN301’s technology stand out is its modular and customizable architecture. Businesses can choose only the components they need—such as payment rails, cross-border support, or digital wallets—and integrate them seamlessly into their systems.
Unlike legacy solutions that require full system migrations, BKN301’s platform allows for incremental adoption and faster time-to-market. It also helps clients stay compliant with PSD2 and other financial regulations, simplifying operations in multi-market environments.
BKN301 competes with well-known BaaS players like Solarisbank, Railsr, and Marqeta, but differentiates itself through its:
- Focus on emerging markets
- Strong developer-centric API design
- Flexibility to support multi-currency, multi-entity operations
- Partnerships with firms like Finastra, bringing advanced cloud-native capabilities
This combination makes it an ideal partner for fintechs, neobanks, and traditional banks looking to modernize and expand without major upfront investments.
Strong Investor Backing for a Clear Mission
Speaking on the investment, Stiven Muccioli, Co-Founder and CEO, said:
“Securing a Series B in this market reflects the strength of our model and team. We’re now entering a new growth phase to bring efficient and scalable BaaS solutions to more global operators.”
Enrico Filì, Head of the Digital Transition Fund at CDP Venture Capital, added:
“BKN301 has already proven its value across international markets. We’re proud to back a team that delivers meaningful innovation and creates value in fintech.”
With this momentum and a clear product-market fit, BKN301 is well on its way to becoming a foundational player in the BaaS ecosystem—empowering the next generation of financial services across borders.
