TechFlow News — On July 4, BKN301, a fintech company focused on developing payment services and Banking-as-a-Service (BaaS), has completed a €15 million (approximately $15.65 million) Series A funding round. The round was led by Swiss-based Abalone Group, with participation from PayU, Azimut Digitech Fund, CRIF, GNB Swiss Investments AG, and several senior executives from the financial industry.
Stiven Muccioli, founder and CEO of BKN301, said the company will leverage emerging banking technologies such as digital payments, blockchain services, cryptocurrencies, and digital assets. Through its BaaS and digital e-money platform, BKN301 also enables third parties to offer financial services, payment solutions, and token issuance. The company is currently focusing on markets in Africa, the Middle East, and Eastern Europe.
