Omnio, a leading innovator in Banking-as-a-Service, has completed a 9m Euros equity funding. Omnio will keep the round open for selected investors, targeting a total of 12m Euros. Omnio is a fast-growth pre-IPO banking infrastructure leader based in London, England.  

Omnio builds on its pioneering Banking-as-a-Service offering, including its loyalty platform Domec and the Sercle business, the credit union platform, serving 135 financial institutions and over 1.5 million members of its credit unions, consumer brands and banking customers. The impressive growth continues with significant clients wins which were recently signed in the travel, transportation and sports/entertainment sectors in UK and Italy.

Omnio supports other financial institutions and non-regulated enterprises with its Banking-as-a-Service model, which manages the complexity of offering retail financial products for leading consumer brands and financial institutions.  Omnio delivers a modular end-to-end solution that supports the accounts of record all the way through to operations, regulatory reporting and compliance.   It means that smaller financial institutions can compete with the big banks, and financial services can be embedded in customer journeys of leading non-financial brands allowing customers to transact, obtain financing or be rewarded for their loyalty.  This innovation delivers FinTech for all and supports diversity in the supply of financial services. 

Jörgen Durban, Omnio's Chairman commented on the transaction "this 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." More info on the previously announced merger can be found here: https://omnio.global/omnio-to-be-combined-with-swiss-bankers-and-nordiska-to-create-a-pan-european-financial-solutions-group/

He continues, “Embedded 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. Despite a difficult market environment for fintech fundraisings, Omnio managed to demonstrate that is remains a strong competitor in the high-growth area by closing this significant round with commitments from existing investors and Opentech as a new investor. Opentech develops full-stack solutions currently adopted by Financial Institutions in Italy, Switzerland and Austria. We welcome Stefano Andreani, Opentech's founder, who will join Omnio's Board and Executive Team."

Stefano Andreani declared: "We are building an outstanding embedded finance platform that will effortlessly allow plugging-in Financial Services into the digital channels of retailers and banks. I am aware of the great responsibility this equity funding entails; I have decided to put my experience as an entrepreneur and software engineer at Omnio's disposal in order to do my best to achieve this ambitious, yet achievable goal."