BKN301 has unveiled several key strategies to fuel its expansion, including the acquisition of Planky and the enlargement of its Series B funding round to GBP 29 million. This financial injection will bolster the company’s objectives, particularly in accelerating the deployment of its digital banking framework across EMEA markets.

Strategies for Expansion

BKN301 intends to leverage these funds and acquisitions to further develop AI-driven functionalities within its core platform over the next 18 months. The plans include enhancing AI and data analytics tools, expanding partnerships with local financial institutions (FIs), and identifying new merger and acquisition opportunities that will foster technological advancement and expand market presence.

Through the acquisition of Planky, BKN301 integrates an advanced AI and data analytics engine into its digital banking ecosystem. Located in the UK, Planky specializes in AI-driven financial analysis and open banking services, focusing on real-time financial insights, behavioral scoring, and predictive analytics to boost automation and intelligence. This will enable banks, fintechs, and corporations using BKN301’s technology to provide more personalized and compliant digital banking experiences.

The new credit facility has been provided by BlackRock, a global asset manager renowned for its expertise in public and private credit markets. These funds will be allocated towards supporting BKN301’s international growth initiatives and potential acquisitions within the EMEA region, driving innovation through intelligent, open, and inclusive solutions.