UK – Omnio, a London, UK-based Banking-as-a-Service company, raised €12M in funding.
Opentech participated in the round along with existing backers. Stefano Andreani, Opentech’s founder, will join Omnio’s Board and Executive Team.The company intends to use the funds to complete strategic plans, which include the imminent merger with Nordiska and Swiss Bankers. Following the merger, the group intends to list its shares on a recognised stock exchange within the next 12 months.Omnio provides a cloud-based banking-as-a-service platform for banks and corporates. It is a technology innovator working with clients across banking, retail and travel to implement specialised embedded financial solutions within their ecosystems. The platform manages the complexity of offering retail financial products for consumer brands and financial institutions, by supporting the accounts of operations, regulatory reporting and compliance. 13/02/2023
