Banked Ltd. Market Research Report

Company Overview

Name and Mission

Name: Banked Ltd.
Mission: To re-imagine mainstream payment methods and the current infrastructure facilitating digital payments around the world. Banked aims to deliver a fairer, faster, and highly secure payment network to merchants and consumers.

Founding Details

• Founded by: Brad Goodall, Neil Ambler, Ellie Fernandes, and Patrick Cox.

• Company Founded: No specific founding date provided.

Key People

• Brad Goodall - Co-founder & CEO

• Neil Ambler - Co-founder & COO

• Ellie Fernandes - Co-founder

• Patrick Cox - Co-founder

• Frederika Johnstone - Chief of Staff

• Joe Pettersson - CTO

• John Fernandez - CLCO

Headquarters

Location: 151 Wardour St, Unit 5.01, London, W1F 8WE, United Kingdom.

Number of Employees

• Approximately 100 staff.

Revenue

• No information is available.

Core Competency

• Known for building a global, digital payments network based on API access to highly secure banking rails.

Products

Product Offerings

Banked Ltd offers a comprehensive suite of payment products:

1. Checkout

• Description: Fast, simple, and secure payments at the tap of a button.

• Key Features: Streamlined customer experience, bank-grade biometric authentication, instant settlement, reduced processing costs.

2. Payment Links

• Description: Securely share Payment Links and QR Codes with customers.

• Key Features: Omnichannel payments, efficient payment recovery, pre-filled details for accuracy.

3. Refund

• Description: Instantly reuse the same funds through fast refunds.

• Key Features: Fast refund process, immediate consumer cashflow improvement.

4. Payouts

• Description: Simple, low-cost payouts with enhanced operation.

• Key Features: Instant access to funds, API integration, eliminates manual processes.

5. Reporting

• Description: Provides essential data and insights for business growth.

• Key Features: Transaction reconciliation, cashflow optimization, API or console data access.

6. Incentivize

• Description: Invest in customer loyalty and community.

• Key Features: Customer rewards, reduced cart abandonment, processing fee reinvestment.

7. Onboard

• Description: Support tools for banks, developers, and merchants.

• Key Features: Simplified integration, expert onboarding guidance.

8. Security

• Description: Advanced encryption for secure payment future.

• Key Features: Threat detection, risk scoring, data encryption.

9. Protect

• Description: Intelligent fraud services to secure sensitive data.

• Key Features: Machine learning algorithms, field-level encryption, Tier 1 bank partnership.

Recent Developments

Recent Company Developments

• Banked was selected to support Visa A2A launch, aiming to increase consumer control and protection (Sep 5, 2024).

• The acquisition of Waave gains a foothold in Australia's real-time payments market, forming a strategic partnership with Chemist Warehouse.

New Products and Features

• The PayTo solution developed in partnership with NAB, enhancing payment options for Plenti's platform (Jul 24, 2024).

Partnerships and Collaborations

• Collaborated with FIS to expand open banking access (Feb 14, 2024).

• Partnered with National Australia Bank to accelerate Pay by Bank technology in Australia (May 8, 2024).

Recognition and Awards

• Recognized in CB Insights Fintech 100 for 2023 (Oct 11, 2023).

Legal and Regulatory

• Banked is authorized and regulated by the UK Financial Conduct Authority. Company Reference Number: 816944, Company Number: 11047186.