London-based fintech company BKN301 Group has successfully raised €21.5 million in a Series B round, aiming to scale its Banking-as-a-Service (BaaS) platform globally.
The round saw participation from both new and existing investors.
Who’s Backing BKN301?
New investors in the round include:
- CDP Venture Capital SGR (via the Digital Transition Fund)
- Azimut Libera Impresa SGR (through the Azimut Digitech Fund, advised by FNDX)
- SIMEST (via the F.394/81 fund for the Ministry of Foreign Affairs and International Cooperation)
- Alisei Forinvestments, led by Aldo Fumagalli
They join existing backers such as SM Capital, Prosus Group, CRIF, Abalone Group, Federico Ghizzoni, and Fabio Nalucci.
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What the Funding Will Fuel
The fresh capital will support:
- International growth through both internal development and strategic acquisitions
- Further advancement of BKN301’s BaaS Orchestrator platform
Co-founder and CEO Stiven Muccioli commented:
“Closing a Series B in today’s market is a major milestone and signals the beginning of an exciting new growth phase for us. Our mission is to deliver a scalable, efficient, and innovative BaaS model to global markets.”
With this momentum, the firm projects a 36% compound annual growth rate (CAGR) in EBITDA by 2028, driven by expanding partnerships and platform capabilities.
What BKN301 Offers
Founded in 2021, BKN301 delivers modular Banking-as-a-Service solutions via a single API gateway. Its BaaS Orchestrator allows banks, fintechs, neobanks, and other financial service providers to easily embed banking and payment services into their platforms.
Key features include:
- Modular, pick-and-choose financial services
- Contract-as-a-Service support to streamline operations
- Seamless integration for digital transformation
The company currently operates across the EMEA region, with offices in London, Milan, San Marino, Doha, and Tbilisi.
