Bankingly
Bankingly is a Montevideo-based fintech SaaS provider, founded in 2015, that delivers cloud-based digital banking, onboarding, conversational AI, fraud prevention, and compliance modules to banks, credit unions, and microfinance institutions across Latin America, Africa, and Asia.
- Company typePrivate
- Founded2015
- HeadquartersMontevideo, Uruguay
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Bankingly does
Bankingly is a Montevideo, Uruguay-based fintech SaaS provider founded in 2015 that delivers digital banking infrastructure to financial institutions in emerging markets. The platform is modular and cloud-based, offering three core products — Internet Banking (web and mobile), Digital Onboarding & Loan Origination with biometric verification, and AI-powered Conversational Banking across WhatsApp, Telegram, Instagram, SMS, FB Messenger, and Twitter — supplemented by add-on modules for Fraud Prevention (biometric and user-scoring based), an AI Collections Agent, an Admin Portal, and Compliance tooling for KYC/AML. The product stack is designed to enable financial institutions to launch digital banking, onboarding, lending, and servicing flows without building proprietary technology.
The company serves banks, credit unions, and microfinance institutions across more than 20 countries in Latin America, Africa, and Asia, with a customer base of 120+ financial institutions reaching over 3.5 million end-users. Named customers include ABC Bank (Kenya), Caja Hipódromo (Mexico), Motor Crédito (Dominican Republic), Credecoop (Costa Rica), Caja La Sagrada Familia (Mexico), Cooperativa San Martin de Porres (Bolivia), and CSN Cooperativa Financiera (Colombia). Bankingly monetizes through a usage-based SaaS subscription priced per monthly active user on its web and mobile banking solutions, with an enterprise field-sales motion targeting SMB and mid-market financial institutions that larger global core-banking vendors typically underserve.
Bankingly has raised approximately $18.75 million across three funding rounds: a $5.25M round in November 2018 led by Elevar Equity (with Endeavor Catalyst, The Rise Fund, and Trajectory Ventures), an $11M round in May 2022 led by Dalus Capital (with Elevar Equity, IDB Lab, Endeavor Catalyst, Sonen Capital, SixThirty, and others), and a $2.5M extension in June 2023 led by Oikocredit. The company was recognized in Gartner's Market Guide for Digital Banking Multichannel Solutions 2024 and selected for Mastercard's Start Path Emerging Fintech program in late 2024. Strategic regional partnerships include Woodcore for Africa (2023) and MB Philippines for Asia (2023). Leadership consists of CEO Martin Naor, CFO Guzman Larrimbe, CCO Pablo Beares, CTO Santiago Hernández, and COO Sebastian Tarnowski.
Bankingly firmographics
Firmographics- Name
- Bankingly
- Legal name
- Bankingly
- Website
- http://www.bankingly.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Bankingly is a Montevideo-based fintech SaaS provider, founded in 2015, that delivers cloud-based digital banking, onboarding, conversational AI, fraud prevention, and compliance modules to banks, credit unions, and microfinance institutions across Latin America, Africa, and Asia.
- Ownership category
- akta.pro rank
Bankingly industry classification
Industry- Product category
- Digital Banking Platform
- NAICS
- Activities Related to Credit Intermediation (5223)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Digital Banking & Neobank Platforms (BPAMAFAD)
- akta.pro secondary industries
- Digital Retail Banking (Online & Mobile) (FSABAAAF), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
Keywords
Where Bankingly is headquartered
LocationHeadquarters
- HQ city
- Montevideo
- HQ country
- Uruguay
- HQ region
- Latin America
Offices1 record
Markets served
Bankingly business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- SaaS Subscription - Monthly Active Users: Cloud-based subscription model with flexible pricing based on number of monthly active users on Web & Mobile Banking solutions. Financial institutions pay recurring subscription fees to access the platform, with pricing scaling based on usage volume.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Usage-based SaaS subscription model |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Bankingly product offering
Product offeringCore offering
Bankingly provides a cloud-based digital banking SaaS platform for financial institutions (banks, credit unions, and microfinance organizations) in emerging markets. Its modular suite includes Internet Banking (web and mobile), Digital Onboarding and Loan Origination with biometric verification, Conversational Banking via AI chatbots on messaging platforms, Fraud Prevention, an AI Collections Agent, an Admin Portal, and a Compliance module covering KYC and AML.
Product overview
Bankingly offers a modular digital banking platform for financial institutions (banks, credit unions, microfinance) in emerging markets. The platform consists of core products including Internet Banking (web and mobile banking), Digital Onboarding & Loan Origination, and Conversational Banking, supplemented by add-on modules including Fraud Prevention, AI Collections Agent, Admin Portal, and Compliance. These solutions work together to enable financial institutions to offer digital onboarding, QR transactions, identity validation, business banking services, and fraud prevention to their customers.
Differentiator
Problem solved
Functional benefit
Products and services
- Internet Banking (Web & Mobile Banking) Modern web and mobile banking application offering innovative features and customizable design for financial institutions to deliver digital banking experiences to their customers.
- Digital Onboarding & Loan Origination Streamlined customer acquisition through online platforms with advanced biometric verification for efficient and secure application for financial products, targeted at financial institutions serving emerging markets.
- Conversational Banking AI-powered customer engagement solution providing personalized and real-time communication through social networks and messaging platforms including WhatsApp, Telegram, Instagram, SMS, Facebook Messenger and Twitter, enabling financial institutions to interact with customers on consumer messaging apps.
- Fraud Prevention Real-time security solution using biometric verification, user scoring, and workflow-based security to reduce risk and prevent fraudulent activities for financial institutions and their end customers.
- AI Collections Agent AI-powered debt collection solution that improves collection rates through automated agent interactions and payment reminders across messaging channels.
- Admin Portal Administrative dashboard providing data analysis capabilities for financial institutions to monitor operations, customer behavior, risk profiles, and loan performance.
- Compliance Compliance solution for financial institutions covering KYC (Know Your Customer), AML (Anti-Money Laundering) screening, eKYC verification, and regulatory requirements.
Quantifiable outcome
- Reached over 3.5 million people through client financial institutions
- +2 more outcomes
Companies that use Bankingly
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
Bankingly technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature8 records
Bankingly partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- MastercardcoreSelected to join Mastercard's Start Path Emerging Fintech program in 2024. The program supports innovative fintech startups and provides access to Mastercard's global network and resources for scaling.
- WoodcorecoreStrategic collaboration to transform digital solutions for financial institutions across Africa. Woodcore provides technology solutions that complement Bankingly's digital banking platform.
- MB PhilippinescorePartnership with MB Philippines to revolutionize financial services in Asia. This collaboration extends Bankingly's presence into the Philippine market.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Bankingly competitors and assessment
Company assessmentDirect peers
- Backbase: Backbase provides a digital banking platform for retail, SME, and commercial banks, competing head-to-head with Bankingly in digital onboarding, internet/mobile banking, and digital sales & servicing modules for financial institutions.
- Mambu: Mambu offers a cloud banking platform (core plus digital channels) used by banks, lenders, and fintechs; it competes with Bankingly for digital banking transformation deals in emerging and growth markets.
- nCino: nCino delivers a cloud-based digital banking platform with onboarding, account opening, and loan origination capabilities, directly overlapping Bankingly's digital onboarding and loan origination modules.
- Alkami Technology: Alkami provides a digital banking platform to community banks and credit unions in the US, with onboarding and digital channel offerings that closely parallel Bankingly's SMB FI-focused product suite.
- Q2 Holdings: Q2 provides digital banking and lending solutions to community banks and credit unions, including internet/mobile banking and account opening — directly comparable to Bankingly's offering for SMB FIs.
Broad incumbents
- Temenos: Temenos is a global incumbent providing a broad banking platform suite (core plus digital channels) to large and mid-tier banks, often competing with Bankingly in larger FI digital transformation deals.
- Finastra: Finastra offers a wide portfolio of banking and lending software including digital channel solutions; it competes with Bankingly for FI digital banking engagements, particularly via its FusionFabric.cloud ecosystem.
Emerging players
- Thought Machine: Thought Machine provides Vault, a cloud-native core banking platform with modern digital channels; it overlaps with Bankingly at the digital banking layer, particularly for challenger banks and incumbent digital transformation programs.
- 10x Banking: 10x Banking offers a cloud-native core and digital banking platform targeted at incumbent banks undergoing modernization, competing with Bankingly for cloud-based digital banking deployments at scale.
- Tagit: Tagit provides digital banking and conversational AI solutions for banks across Asia and the Middle East, overlapping with Bankingly on AI-powered chatbots and mobile/internet banking modules.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Bankingly social profiles
Digital presenceBankingly financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bankingly leadership team
Management profileNumber of profiles
Profiles5 records
Bankingly funding detail
Funding detailFunding overview
Funding rounds3 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bankingly M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bankingly
What does Bankingly do?
Bankingly provides a cloud-based digital banking SaaS platform for financial institutions (banks, credit unions, and microfinance organizations) in emerging markets. Its modular suite includes Internet Banking (web and mobile), Digital Onboarding and Loan Origination with biometric verification, Conversational Banking via AI chatbots on messaging platforms, Fraud Prevention, an AI Collections Agent, an Admin Portal, and a Compliance module covering KYC and AML.
Is Bankingly a public or private company?
Bankingly is a private company. It is classified as venture growth investor backed and is currently operating.
When was Bankingly founded?
Bankingly was founded in 2015. It employs 51 to 100 people.
Where is Bankingly based?
Bankingly is headquartered in Montevideo, Uruguay, in the Latin America region.
How does Bankingly make money?
One revenue line is on record: saaS Subscription - Monthly Active Users.
Who are Bankingly's main competitors?
Direct peers on record are Backbase, Mambu, nCino, Alkami Technology and Q2 Holdings. Broad incumbents are Temenos and Finastra. Emerging players are Thought Machine, 10x Banking and Tagit.
Does Bankingly have an API?
No public API is recorded for Bankingly.
What industry is Bankingly in?
Bankingly's product category is Digital Banking Platform. Its primary akta.pro industry code is BPAMAFAD, Digital Banking & Neobank Platforms, with a secondary code of FSABAAAF, Digital Retail Banking (Online & Mobile). Its NAICS code is 5223 and its SIC code is 6199.