Peanuds was founded by Florian Reike, Luciano Nonnis and Samuel Will to build a natively integrated, full-stack banking platform that bundles optional interfaces, back office, accounts, card issuing, acquiring and external providers. The company began as a business banking solution in Cyprus but rebuilt its infrastructure into a licensed technology stack that it now sells to small banking providers and electronic money institutions. One named client, Bebawa, migrated accounts, cards, SWIFT and payment connectivity, onboarding, transaction monitoring, multi-currency operations and web and mobile apps onto Peanuds; three institutions currently run on the platform with three more expected to join within the year. Peanuds has raised €700,000 from angel investors, generated more than €1 million in revenue (much of which has been reinvested into product), and is seeking about €4 million in further funding. The company has invested heavily in card technology, has participated in the Visa Innovation Programme Europe and previously ran a Mastercard programme, and is relaunching its card programme on Visa across the EEA. Key near-term priorities include securing an Electronic Money Institution licence in Cyprus, obtaining Visa Principal Membership, building its own card-processing infrastructure and expanding multicurrency capabilities, while deepening its presence and team in Cyprus.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2026