Banked Raises $20M Series A Led By Bank Of America And Edenred For Us Expansion

Banked is a FinTech startup that offers an alternative to card schemes. Consumers are able to pay without entering financial data, no need to create an account, no financial details are shared, authorization is biometric, and the merchant receives the funds in real-time. Businesses use it to drive customer engagement and loyalty with incentives and rewards embedded inside the payment process. It also claims its fees are up to 90% lower than the traditional payment methods