BKN301 Group, a global leader in Banking-as-a-Service (BaaS), has just scored a major win by raising USD 23.8 million in fresh funding! Backed by heavy-hitters like CDP Venture Capital SGR, Azimut Libera Impresa SGR, SIMEST, and Alisei Forinvestments by Aldo Fumagalli, this round will supercharge the company’s international expansion—especially into the UAE and Saudi Arabia.
This move follows BKN301’s strategic launch of its regional HQ in Qatar, solidifying its presence in the MENA region.
Backing from Major Players
CEO Stiven Muccioli shared his excitement:
“The entry of these high-profile investors—and the ongoing trust of our existing backers—is a major endorsement of our model’s scalability and the impact we’re creating in fintech.”
The funding isn’t just about scaling, it’s about building a truly global BaaS ecosystem where innovative financial services are more accessible, efficient, and fluid for both businesses and consumers.
What’s BKN301 All About?
BKN301 offers a powerful BaaS Orchestrator platform that enables banks, fintechs, and businesses to plug into next-gen financial solutions. Here’s what it brings to the table:
- ✅ Core banking capabilities
- ✅ Payment processing & digital wallets
- ✅ Card issuing (including virtual cards)
- ✅ API decoupling for easier integrations
- ✅ Cross-border services
- ✅ Integration with AI, Gen AI, and Open Banking platforms
With this flexible infrastructure, companies can launch and scale financial services faster, smarter, and cheaper.
Expansion Plans in MENA for BKN301
The fresh capital will help BKN301 grow its footprint across the Middle East, with a strong focus on:
- 📍 United Arab Emirates (UAE)
- 📍 Saudi Arabia
These markets are booming with fintech adoption, making them the perfect testing ground for BKN301’s cutting-edge tech. The company’s Doha-based HQ will act as the central hub for regional operations and future partnerships.
“With our new growth plan, we project a 36% CAGR of EBITDA by 2028,” added Muccioli. “We aim to deliver smart and seamless payment solutions to a growing number of operators and customers worldwide.”
Strong Momentum & Growth
Let’s talk numbers. In 2024, BKN301 generated €18.4 million in gross revenue—a whopping 51% year-over-year growth. And since launching in 2021, the company has achieved 187% overall growth.
These numbers make it clear: BKN301 isn’t just riding the fintech wave—it’s helping shape it.
What’s Next in BKN301’s journey?
With this funding round closed, expect to see BKN301 make big moves in the fintech space. Whether it’s expanding to new countries, partnering with local players, or refining its tech stack with AI, the company is all in on building the future of financial infrastructure.