Meniga is a leading provider of digital banking technology for the world’s largest banks. Meniga’s digital banking platform helps banks and fintechs use personal finance data to innovate in their online and mobile channels, including data aggregation and enrichment technologies, personal and business finance management solutions, cashback rewards and transaction-based carbon insights. With the Open Banking movement spreading rapidly across the globe, Meniga is facing growing demand for its products and services which are already being used by more than 90 million banking customers across 30 countries.
Georg Ludviksson, CEO & co-founder of Meniga, said: “We are very pleased to welcome Groupe BPCE and Crédito Agrícola to our growing group of strategic investors. Partnering closely with our customers is a key part of our strategy to be the preferred digital innovation partner to our clients. An equity relationship is an excellent way to strengthen such partnerships. GP Bullhound have been a great partner for us and their broad experience within the fintech sector allowed them to think creatively about our growth needs.”
Claudio Alvarez, Partner at GP Bullhound, added: “We’re excited to see Meniga bring on board two strategic partners which will help the business continue to scale in Europe and we look forward to continuing to help Georg and his team execute their growth strategy.”
The transaction is further testament to GP Bullhound’s market leading position advising on M&A and Private placements in the fintech and software sector, with marquee transactions such as the sale of Budget Insight to Credit Mutuel Arkea, the investment from Bessemer Venture Partners in Mambu, the investment from Kinnevik, Paypal and Avios in Monese and the investment of Index Ventures and Balderton in Prodigy Finance.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com.