Bankifi provides a bank‑grade integration platform that embeds end‑to‑end small‑business financial workflows—such as payments, invoicing, cash‑flow forecasting, tax compliance and working‑capital financing—directly into a bank’s existing digital channels. Leveraging extensive SME behavioral data, the platform delivers actionable insights and modular AI‑enabled features that help mainstream banks design tailored propositions, increase SME account openings, and grow deposits while preserving core system stability.
Funding
$4.8M 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 mainstream banks struggle to retain and grow small business customers because their digital offerings are fragmented, lack integrated financial workflows, and provide limited insight into SME needs, leading to deposit leakage and reduced relationship value.
Solution
BankiFi offers a bank‑grade integration platform that embeds end‑to‑end small business financial workflows—payments, invoicing, cash‑flow forecasting, tax compliance and working‑capital financing—directly into a bank’s existing digital channels. The platform leverages extensive SME behavioral data to deliver actionable insights that help banks design and market tailored propositions. Its modular architecture allows new features and AI‑driven enhancements to be added without disrupting core systems, enabling banks to evolve their SME offering at pace. By delivering a co‑branded, seamless experience, the solution increases SME account openings, accelerates invoice payments, and drives deposit growth while strengthening relationship primacy.
Target Audience
Primary customers are mainstream retail and commercial banks seeking to expand their small‑business market share, as well as financial intermediaries (accountants, brokers) that partner with banks to serve SME clients.
Features
- Integrated payments and invoicing suite with real‑time reconciliation and automated settlement links
- Cash‑management dashboard that consolidates payments, liabilities and forecasts for real‑time liquidity visibility
- Embedded tax compliance workflows supporting Making Tax Digital (MTD) filing and digital record‑keeping
- Working‑capital financing tools that use platform data to inform lending decisions and speed credit access
- AI‑enabled analytics layer providing granular SME insights for product development and targeted marketing
- Open‑banking API layer that connects the platform to a bank’s legacy core while preserving data sovereignty and security
- Modular, future‑proof architecture allowing rapid rollout of new features without core system disruption