Banked provides a real-time account-to-account payments platform built on modern banking infrastructure, enabling secure and efficient transactions for consumers and businesses. The platform reduces payment acceptance costs and enhances cash flow by settling funds instantly while minimizing fraud risk through biometric authorization and compliance with security standards.
Funding
$51.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional payment methods often involve high acceptance costs, slow settlement times, and increased risk of fraud, impacting both consumers and businesses. These inefficiencies can strain cash flow, reduce conversion rates, and expose sensitive financial data.
Solution
Banked provides a real-time, account-to-account payments platform built on modern banking infrastructure to enable secure and efficient transactions. The platform reduces payment acceptance costs compared to card payments and enhances cash flow by settling funds instantly. It minimizes fraud risk through biometric authorization and eliminates the sharing of financial data. Banked offers a single API integration that provides access to multiple markets and a suite of products, including checkout, payment links, payouts, and refunds.
Target Audience
Banked's primary customers include consumers, businesses, and banks seeking a more efficient, secure, and cost-effective payment solution.
Features
- Fast, simple, and secure checkout experience.
- Payment Links and QR codes for effortless and secure sharing.
- Enhanced payouts with instant, low-cost processing.
- Instant refunds for immediate reuse of funds.
- Reporting tools and data insights to support business growth.
- Customer loyalty and community incentivization features.
- Support tools and guidance for banks, developers, and merchants.
- Advanced encryption for secure payments.
- Intelligent fraud services to protect businesses and customers.
- Fully SCA compliant with biometric authorization.