How much did Rackle raise?

Rackle raised €200,000 in a Pre-Seed round on March 3, 2023.

Who invested in Rackle?

Arz Portfolio is named as investors in this round.

No License Required: Banking As A Service Provider Rackle Raises €200,000

PRIVATEMar 03, 2023

Amount Raised

€200,000

Round Type

Pre-Seed

HospitalityLeisureTravelMarketplaceTourism

Investors

Arz Portfolio

Description

London-based BaaS fintech startup Rackle has raised €200,000 in a seed funding round aimed at supporting the company’s continued product development and imminent launch. Including a mid-2020 pre-seed round, the company has raised approximately half a million Euro.

Quick answer

Rackle raised €200,000 in a Pre-Seed round, dated March 3, 2023. Investors: Arz Portfolio.

How much did Rackle raise?: Rackle raised €200,000 in a Pre-Seed round on March 3, 2023.
Who invested in Rackle?: Arz Portfolio is named as investors in this round.
What does Rackle do?: Rackle is building a front-end and direct integration with its strategic partners with an API Management and Control Panel.

Source: Fundz verified event record.

Who else raised in Hospitality and Leisure around the same time

Companies in the same sectors as Rackle that raised within 45 days of this round, from Fundz verified event records.

HotelRunner raised $6.5M on January 17, 2023.
Reeco raised $10M (Funding Round) on March 28, 2023.
Flyte Aviation, Inc. raised $8M on March 23, 2023.
ZoomCar raised $8.1M on March 23, 2023.
Habyt raised $67M (Pre-Seed) on February 27, 2023.
Brigad raised $30M (Funding Round) on February 16, 2023.

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Company Information

Company

Rackle

About

Rackle is building a front-end and direct integration with its strategic partners with an API Management and Control Panel. Our plug-and-play system enables many players to go live with a neobank solution in a matter of weeks instead of months and start providing banking services without a license, within and outside of their jurisdiction. With our first strategic partner, Solarisbank, we will enable you to operate in Europe taking advantage of the easily accessible and versatile integration needed by the fintech industry. In the global market, we shorten the integration time but also the costs to a significant extent, which will accelerate the growth of the market and increase the diversity of innovation. Rackle will soon add to offering banking services in Europe to the UK with full BAAS services and already exploring extending globally.

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Rackle raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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