UK-based startup Planky has raised €6.9 million in new funding. The company uses AI to analyse financial data and help businesses make better decisions. It plans to use the funding to move beyond Open Banking analytics and build a real-time AI decision-making platform for the financial industry.
The funding round was co-led by Innovation Global, advised by SM Capital, and funds from Azimut Venture Capital’s Digitech Europe1 strategy. The strategy is managed by Azimut Investments S.A., an asset management company based in Luxembourg and part of the Azimut Group.
Planky will also use the funding to expand its presence in the Middle East and enter more international markets. The company aims to strengthen its AI technology and support financial businesses with faster, data-driven decisions.
“AI is redefining what finance can be. The next era will be shaped not by who holds the most data, but by who understands it best, and we are building the intelligence that makes that possible. This investment brings that vision into sharper focus and accelerates our path to a future where AI helps every financial institution see clearly, act instantly and grow with confidence,” said Stiven Muccioli, CEO and Founder of BKN301 Group.
Founded in 2021, BKN301 Group is a financial technology company that builds infrastructure to help banks and FinTech businesses manage financial data. It connects traditional banking, AI and digital assets across Europe, the Middle East and Africa.
The company helps banks and FinTech businesses upgrade their existing systems without replacing the parts that already work well. Its platform brings financial data together, manages it securely and helps businesses make better use of that data while meeting banking regulations.
BKN301 also adds AI capabilities to financial operations and connects traditional banking systems with the technology needed to support digital and tokenised assets. This gives regulated financial companies a single platform to manage their data and build new services.
Its main product is the award-winning BKN301 Orchestrator, a banking infrastructure platform designed to support AI-powered financial operations. It brings together API management, data integration and AI infrastructure in one system. This helps financial companies connect different systems, expand their operations, improve data security and reduce the cost of using AI.
Planky plans to use the new funding to develop more AI-powered products, including credit assessment, financial decision-making, spending analysis and financial forecasting tools. The funding will also support its expansion across the Middle East and help it work with more international clients.
