Meniga offers Personal Finance Management (PFM) products and a framework for next-generation digital banking based on data consolidation and enrichment. Its product portfolio includes PFM, carbon insight services, automated real-time notifications, predictive analytics, personalised engagement technologies, targeted rewards and consumer data analytics. Meniga focuses on Data Enrichment and Hyper Personalised Insights and is enabling Payments capabilities for banks in the Open Banking and Open Finance ecosystem. The company serves over 100 million banking customers across 30 countries and operates offices in London, Reykjavik, Stockholm and Warsaw. Led by CEO Raj Soni, Meniga plans to simplify its product portfolio, diversify into verticals beyond banks, target emerging markets across MEA, LatAm and Asia, and create new operational hubs to support growth and post-launch customer support. It intends to use recent funding to clear existing debt and invest in rolling out this new strategy. Meniga builds a suite of digital banking products that help banks use personal finance data to modernize online and mobile experiences, including data aggregation, personal and business finance management, cash-back rewards and transaction-based carbon insights. The company offers a software layer that bridges legacy banking infrastructure and modern APIs to enable consumer-friendly digital experiences. Meniga has launched 18 digital banking solutions across 17 countries and reports a significant increase in demand over the past year. It is headquartered in London with additional offices in Reykjavik, Stockholm, Warsaw, Singapore and Barcelona. The company’s Carbon Insight product lets users track estimated carbon footprints by transaction, category and peer comparison. Meniga says the recent funding will be used to invest in R&D—with particular focus on green banking products—and to bolster its sales and service teams. Meniga's core product is a digital banking platform that helps banks and fintechs use personal finance data, bridging legacy infrastructure with modern APIs to enable consumer-friendly online and mobile experiences. Its product suite includes data aggregation, personal and business finance management, cashback rewards, and transaction-based carbon insights. The company's technology is designed to support Open Banking and is used by more than 90 million banking customers across 30 countries. Meniga plans to use the new funding to continue investing in R&D and to strengthen its sales and service teams to meet growing demand. The company is headquartered in London with significant R&D in Reykjavik and additional offices in Barcelona, Singapore, Stockholm, Helsinki and Warsaw. The recent strategic investment increases Meniga's available capital to support product development and commercial expansion. Meniga provides personal-finance and data-aggregation software that enables banks to make sense of customer data and offer more compelling online and mobile banking products. The company works with banks across 18 markets, including Santander, Intesa, ING Direct, Commerzbank and mBank. Meniga was founded in Iceland in 2009 and sells its technology to incumbent banks and digital channels. Swedbank has begun rolling out Meniga’s technology to customers in Sweden and the Baltic countries and is in the first phase of implementation after striking a deal in 2017. The firm’s recent financing activity includes the latest Swedbank investment and a €7.5m round a year earlier led by Industrifonden. Management frames partnerships such as Swedbank’s as a way to deliver more proactive, digital customer experiences that aggregate Swedbank and external financial data. Meniga provides white-label digital banking and personal finance software to banks and financial institutions, helping them enhance online and mobile channels. The company works with large banks including Santander, Intesa, ING Direct, Commerzbank and mBank. Meniga's products are positioned to help institutions prepare for open banking and to leverage customer data to drive more meaningful, personalized engagement in digital channels. It recently became the first personal finance software provider to partner with Spanish bank IberCaja as part of that bank’s digital-improvement efforts. Meniga maintains an advisory board and has drawn industry figures such as Chris Skinner to advise the business. The company is based in London.

Total raised

$49M

Funding rounds

6

Latest round

Series D

Latest activity

Dec 2023