Money management app Bankin scores EUR20 million Series B

Money management app Bankin scores EUR20 million Series B

Paris-based Bankin, which offers a money management app combined with human-centric financial advice, has raised a €20 million Series B round from an undisclosed investor.

The company's newly-launched hybrid model combines intelligent algorithms and human coaching to provide customers with customised solutions to meet their savings goals.

Established in 2011, Bankin claims 2.9 million customers in France, Germany, the UK and Spain.

The company says it will use the new funding to expand its tech, marketing and coaching teams with more than 20 new hires by the end of the year, reaching 70 employees.
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