Engagement Banking Leader Backbase Raises €120M From Motive Partners
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Thursday, June 9, 2022
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Backbase, creator of the category-leading Engagement Banking Platform, raised 120 million in growth equity funding from Motive Partners.
Key Points:
- Backbase, creator of the category-leading Engagement Banking Platform, raised 120 million in growth equity funding from Motive Partners.
- Having grown organically to over 200 million in revenue, Backbase is now partnering with a Fintech specialist private equity firm, to further strengthen its claim on the Engagement Banking category.
- Motive Partners is a founder-friendly partner, fully supporting Backbase in remaining an independent force and driving the Engagement Banking strategy, by continuing to focus on customer-centric innovation that transforms the financial services industrys siloed channels and legacy applications.
- This investment will allow Backbase to double down on its vision for Engagement Banking and accelerate its mission of re-architecting banking around the customer.