Bud provides an end-to-end Open Banking and data intelligence platform that aggregates and categorises financial data to deliver customer insight. Clients use Bud’s technology to enhance onboarding, boost engagement and loyalty, and offer personal financial management services. Its aggregation and categorisation capabilities support lending use cases including income and employment verification, affordability assessments, and ongoing transaction monitoring. Headquartered in the UK, Bud's AI has processed over 2.5 billion transactions and enriched 1 billion transactions. The company aims to expand its Open Banking offering, increase financial inclusion, and help consumers access affordable and appropriate lending products. Bud is partnering with TransUnion to combine data intelligence and global insights and to develop next-generation credit, affordability, and fraud solutions. Bud Financial provides an AI-based open banking platform used by large banks and others to power lending, payments and personalized financial products. Its technology focuses on transaction enrichment, categorization, merchant recognition and income verification, with claims of 33% higher accuracy and over 93% accuracy in a recent market test. The company processes features that often end in payments via open banking APIs and emphasizes insights to differentiate from competitors. Bud pivoted from a consumer-facing app to a B2B model in 2017 to work directly with financial institutions. It is live in the U.K., Australia and New Zealand and plans to expand to two more countries this year. Bud is not disclosing customer or transaction numbers, revenues, or its valuation with this round. Bud offers a technology platform that enables banks to create new apps and services by intelligently connecting bank account data to third-party fintechs and financial providers. Launched in 2016 as a consumer aggregation app, the company pivoted to a bank-facing platform to help banks compete in the Open Banking/PSD2 era. Its product includes data enrichment features such as Smart Balance, Goals, and an advanced regular payment finder, and it uses transactional data to detect patterns and behaviors to trigger partner services. Bud works with roughly 85 fintech and financial services partners and counts HSBC-owned First Direct among its customers. The company is collaborating with the UK government on a Rent Recognition Challenge to help people build credit history from rent payments. Bud has 62 employees and says the new capital will support doubling its headcount and expanding its Open Banking-focused team. Bud is a London-based banking app and website that aggregates and links financial services from banks, fintechs, and other industry players. Its platform connects products including bank accounts, credit, pensions, investments, FX and more. Partners include WiseAlpha, Goji, Growth Street, Trussle – 30mins, Scalable Capital, Transfermate, and Assetz Capital. The company raised £1.5m in funding to support growth. Bud is using the funds to expand operations, hire new people, and continue to develop the platform. Founded in 2015 by Ed Maslaveckas and George Dunning, the company focuses on integrating a broad set of financial services into a single interface.

Total raised

$102M

Funding rounds

4

Latest round

Series B

Latest activity

Jun 2022