Black Banx Valuation, Funding & Investors

N26 is a Berlin-headquartered mobile bank operating in 24 European countries since 2013. It offers current accounts, international transfers via SEPA, investments through N26 Invest, and cash deposits at 40,000 partner retailers. The app supports Spaces sub-accounts, overdrafts up to €10,000, and cryptocurrency trading for personal and business users.

Wise is a currency conversion platform that matches, where possible, offsetting currency transactions across borders to reduce costs. The group focuses primarily on private clients and small and midsize enterprises, but it is building out its platform business aimed at providing its services as a backend solution to banks. By operating local accounts in each jurisdiction Wise sends money to or receives money from, this fintech offers faster and cheaper currency transfer services than incumbents (banks). Wise has started to broaden its product offering, issuing its clients debit cards and allowing customers to invest funds in various asset management products.

Chime Financial Inc is a financial technology company that believes in core banking services.

One97 Communications Ltd is a digital ecosystem for consumers and merchants. The company is in the business of providing a) payment and financial services which mainly include payment facilitator services, facilitation of consumer and merchant loan distribution to consumers and merchants, wealth management, etc. b) marketing services which consist of aggregator for digital products, ticketing business, providing voice and messaging platforms to the telecom operators and enterprise customers and other businesses. The group generates the majority of its revenue from customers domiciled in India.

PayPay Corp is a Japan-based financial technology provider operating a digital finance platform that integrates payments, banking, credit, and investment services for individuals and businesses. Its platform connects users and merchants, facilitating a cashless ecosystem and providing an all-in-one solution for daily financial activities. The company operates in two reportable segments: i) Payment segment and ii) Financial service segment. The majority of the company's revenue is derived from the Financial service segment, which includes internet banking services, securities intermediary services and PayPay Point investment-related services, and loan management services. Geographically, it operates predominantly in Japan.

Enpara Bank AS provides all types of banking transactions and modern banking services to its customers through electronic banking channels and other channels in accordance with developments in technology and banking, both domestically and internationally.

Upgrade is a San Francisco-headquartered fintech company delivering personal loans, home improvement financing, auto loans and refinancing, plus credit cards that convert to fixed-rate installment plans. Its offerings extend to high-yield savings and rewards checking accounts, credit monitoring services, and educational resources for credit management. Upgrade Shopping provides cashback rewards at participating retailers to complement card benefits. Founded in 2017, the platform targets mainstream consumers with accessible banking and credit products.

Wealthsimple is a Toronto-headquartered neobank offering automated investing, commission-free trading of stocks, ETFs, options, and cryptocurrencies, plus chequing accounts with 2.75 percent interest. Users build managed portfolios from $1 with 0.4-0.5 percent fees, file taxes via SimpleTax, and access credit cards. Serving 2 million Canadians, it holds banking licenses from major regulators.

KakaoBank Corp offers banking and other financial services. It offers a range of banking services such as deposits, lending, debit/credit cards, and international money transfers. It also provides various card products and digital financial services tailored for individuals, groups, and small business owners.

Trade Republic is a Berlin-headquartered mobile brokerage offering commission-free trading in stocks, ETFs, and derivatives. Launched in 2015, the app serves European retail investors with instant order execution and savings plans. It invests client cash in money market funds and supports fractional shares. Regulated by BaFin, it expands across Germany, France, and Spain.

Rakuten Bank Ltd is engaged in the banking business through an electronic medium.

Jio Financial Services Ltd is a core investment company, non-deposit taking, systemically important (CIC-ND-SI). Along with its subsidiaries, joint ventures, and associates, it is engaged in the business of Investing and Financing, mainly Leasing, Insurance broking, Payment Bank, Payment Aggregator, and Payment Gateway services.

Monzo is a London-headquartered digital bank serving customers in the United Kingdom and United States. The app provides current accounts, savings pots, overdrafts, and investment products with instant transaction notifications. Monzo issues Mastercard debit cards and offers joint accounts for shared budgeting. Expanded from prepaid cards in 2016, the bank holds a full UK banking license and operates branches in Cardiff and Manchester. Monzo integrates Open Banking APIs for seamless transfers from Barclays and Lloyds.

Mambu is a Berlin-headquartered SaaS cloud core banking platform enabling composable financial services for banks, fintechs, and retailers in 60 countries. Serving more than 200 clients, the modular architecture assembles lending, deposits, payments, and cards engines via open APIs for rapid product launches. Founded in 2011, Mambu powers digital banks like N26 and OakNorth with scalable infrastructure hosted on AWS.

Kaspi.kz JSC is the payment, marketplace, and Fintech ecosystem in Kazakhstan. The firm provides interconnected technologically seamless products and services that help people to pay, shop and manage their finances. Its operating segment includes the Payments Platform that connects its customers, which consist of both consumers and merchants, to facilitate cashless, digital transactions, the Marketplace Platform, which derives maximum revenue, connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants, and Fintech Platform that enables customers to manage their personal finances online and access consumer finance and deposit products through the Kaspi.kz Super App.

Starling Bank is a London-based digital bank offering personal current accounts, joint accounts, and business banking via mobile app. Launched in 2017, it provides savings spaces, overdrafts up to £5,000, and debit cards with no foreign fees. Starling serves over three million customers with FSCS protection up to £85,000.

Klarna is the largest pure-play in the buy now, pay later space. The company operates a two-sided network with a payment method at its core, but it is ultimately a lender. Merchants sign up with Klarna to increase turnover in their stores. Primarily, Klarna can provide merchants with higher conversion rates and average order values relative to other payment methods. Some merchants enter a symbiotic relationship with Klarna, advertising its brand on the product page to drive conversion and to benefit from Klarna’s brand value in the merchant’s sales funnel. Customers use Klarna for its ease of use, quick access to credit, zero-interest financing, and lower reminder fees.

MTN Group Fintech is the financial technology division of MTN Group, Africa's largest mobile network operator headquartered in Johannesburg, South Africa. The unit delivers mobile money services under the MoMo brand, including payments, remittances, savings, loans, and insurance across 17 countries in Africa and the Middle East. Launched in 2019, MTN Fintech partners with banks and regulators to expand digital financial inclusion, processing billions in transaction value annually through its API-driven platform.