• BKN301 Group secures USD 23.8M in funding from major investors to accelerate its global Banking-as-a-Service expansion plans.
• The new capital will support growth into UAE and Saudi Arabia, following the company’s MENA HQ launch in Qatar.
• BKN301’s BaaS platform powers core banking, payments, and AI integration, achieving 51% YoY revenue growth.

BKN301

What happened? BKN301 Group, global baking as a service (BaaS) technology provider closed a USD 23.80 million capital increase. 

The capital raise is underwritten by CDP Venture Capital SGR, Azimut Libera Impresa SGR, SIMEST, and Alisei Forinvestments by Aldo Fumagalli

Stiven Muccioli, Co-Founder and CEO of BKN301 Group, commented: “The entry of new major investors, alongside the continued support of those who have already believed in our transformative approach, is a powerful endorsement of the strength and scalability of our model.”

Expansion  

What will they do with the funds? With the new capital, it aims to expand its global growth plans, including expansion into the UAE and Saudi Arabia. This comes after the group established an office in Qatar, serving as its regional headquarters (HQ) for the MENA region.

“With the new industrial plan, we estimate a CAGR of 36% of EBITDA by 2028 and we aim to bring innovative payment and financial services, usable in a simple and fluid way, to an ever-increasing number of operators and their customers,” Muccioli added.

Who are they? BKN301 is a Banking-as-a-Service technology provider (BaaS) focusing on empowering the financial industry with its BaaS Orchestrator platform.

The company’s BaaS Orchestrator platform offers core banking, payment processing, digital wallets, card issuing, API decoupling, and cross-border services. In addition, it also offers open banking, AI and Gen AI, for integration with third-party systems.

BKN301 has generated gross revenues of EUR 18.40 million in 2024, marking a 51% year-on-year hike. Since its market entry in 2021, the company has achieved 187% overall growth.