- BKN301 has raised $23.8 million in a new funding round to expand its operations globally, following the opening of its regional headquarters in Qatar.
- The company aims to achieve a 36% compound annual growth rate (CAGR) in EBITDA by 2028.
- Through its BaaS Orchestrator platform, BKN301 offers a wide range of services, including core banking infrastructure, digital wallets, card issuance, and API integrations.
BKN301, a fintech company specializing in Banking-as-a-Service (BaaS), has announced the successful completion of a $23.8 million funding round aimed at accelerating its global expansion plans, with a particular focus on the United Arab Emirates and Saudi Arabia, following the recent opening of its regional headquarters in Qatar.
The funding round saw participation from several prominent investors, including CDP Venture Capital SGR, Azimut Libera Impresa SGR, SIMEST, and Alisei Forinvestments.
Commenting on the announcement, Stiven Muccioli, Co-Founder and CEO of BKN301, said:
“The addition of new investors alongside the continued support of our existing shareholders reflects strong confidence in our scalable business model and our ability to create a real impact in the financial sector.”
Mucchiani noted that the company, through its new industrial plan, aims to achieve a 36% compound annual growth rate (CAGR) in EBITDA by 2028 by delivering innovative payment solutions and seamless, flexible digital financial services for both operators and end-users.
Through its BaaS Orchestrator platform, BKN301 offers a comprehensive suite of services, including core banking infrastructure, payment processing, digital wallets, card issuance, and API integrations. The company also provides cross-border banking services and advanced solutions in open banking, supported by artificial intelligence and generative AI technologies.
