FinTech 50 star has raised 拢8 million ahead of a planned merger with Nordiska and Swiss Bankers.
The banking-as-a-service platform says it is open to further investment, with 鈧�3m targeted, following the backing from European FinTech Opentech and existing investors.
It also plans to list its shares in the coming 12 months.
The London firm claims to serve 135 financial institutions, with more than two million end users and 拢3bn funds processed on its platform.
鈥淭his fundraise will secure the working capital for Omnio to complete some exciting strategic plans, which include the imminent merger with Nordiska and Swiss Bankers as well as a listing this year,鈥� Omnio chairman J枚rgen Durban said.
鈥淓mbedded finance is one of the most significant trends we have seen in consumer finance as it provides financial products where they are most needed, as part of the consumer journeys of the leading brands.鈥�
Opentech founder Stefano Andreani has joined the company鈥檚 board and executive team. He described Omnio as 鈥渁n outstanding embedded finance platform that will effortlessly allow plugging-in financial services into the digital channels of retailers and banks鈥�.
FinTech 50 – UK’s most innovative financial technology creators for 2022