6 May 2022
We have advised Uruguayan based digital banking software provider, Bankingly on its latest investment round.
With many years of experience working with financial institutions in developing their customers digitally, Bankingly has a unique solution focusing on a severely underserved segment of the financial ecosystem – the set of institutions that aim to bring the two billion unbanked and underbanked people around the world into the formal financial system. It provides them with a world-class solution in terms of design, usability, security and performance.
Commenting on the transaction, Partner Alexandra Richardson, said: "Bankingly is on a mission to ensure that financial inclusion reaches all sectors of society. We continue to work with the most ambitious, innovative companies in the market such as Bankingly, and we look forward to watching its growth spurred on by the latest investment."
Martín Naor, Founder and CEO of Bankingly added: “We are motivated to democratise people’s access to their money and better services, regardless of their resources or location. This latest investment was a very important one for us, and we are grateful to have had the highly experienced and commercially-minded team at Taylor Wessing to guide us through it. Alexandra and her team were fundamental to the success of this deal."
The team was led by Partner Alexandra Richardson, with support from Senior Associate Sarah Cole, and Associate Andra Hotomega.
by multiple authors