Traditional banks and fintech companies often struggle to incorporate financial features into their offerings due to legacy systems and fragmented infrastructure. BKN301 solves this through a unified API gateway that connects core banking systems, payment processors, and third-party services, enabling seamless integration without disrupting existing operations.
BKN301 Group, a global fintech specialising in Banking as a Service (BaaS), has secured £18.6 million in a capital increase to support its new growth phase. The Series B round attracted existing and new institutional, industrial, and private investors. New investors include CDP Venture Capital SGR, Azimut Libera Impresa SGR, SIMEST, and Alisei Forinvestments di Aldo Fumagalli. These join previous investors SM Capital, Prosus Group, CRIF, Abalone Group, Federico Ghizzoni, and Fabio Nalucci. This brings the company’s total funding to approximately $47.3M.
Stiven Muccioli, Co-Founder and CEO of BKN301 Group, commented: “The entry of new major investors, alongside the continued support of those who have already believed in our transformative approach, is a powerful endorsement of the strength and scalability of our model. Closing a Series B round in today’s market is a significant achievement—and marks the beginning of a new growth phase.”
“Our goal remains clear: to bring a truly efficient, scalable, and innovative BaaS model to global markets. With the new industrial plan, we estimate a CAGR of 36% of EBITDA by 2028, and we aim to deliver innovative payment and financial services to more operators and their customers in a simple, fluid way.”
This funding will support BKN301’s international growth and enhance its BaaS Orchestrator platform. The platform offers core banking, payment processing, digital wallets, and other services for third-party integration.
How BKN301 creates “a world without financial barriers”
BKN301 is a fintech firm founded in 2021 by Stiven Muccioli, Federico Zambelli Hosmer (ex-PayPal), and Luca Bertozzi. Based in London, with offices in Milan, San Marino, Doha, and Tbilisi, the company operates globally, focusing on emerging markets in Africa, the Middle East, and Eastern Europe.
The company was established to address inefficiencies in traditional banking systems, particularly in regions with large unbanked or underserved populations. The founders saw an opportunity to leverage existing merchant and telecommunications networks to provide accessible financial services. They aimed to build a robust infrastructure that promotes innovation while serving mass-market consumers.
BKN301’s mission is to create “a world without financial barriers” by enabling businesses to offer inclusive financial services through its Banking-as-a-Service (BaaS) platform. The company empowers fintechs, neobanks, and traditional banks with scalable solutions that drive innovation, promote financial inclusion, and enable cross-border connectivity.
After rapid growth in Africa and the Middle East, BKN301 is expanding into Europe. The company serves 18 million customers daily in Egypt alone through major MENA operators. Its European expansion begins in Italy through a partnership with neobank HYPE, which has integrated BKN301’s BaaS Orchestrator solution.
The company has reached operational break-even and projects gross revenues of £15.9 million in 2024 — a 51% year-over-year increase—with 236% year-over-year growth in net revenues. Since its 2021 market entry, BKN301 has achieved 187% overall growth.
What Makes BKN301’s Technology Special?
BKN301’s technology excels through its modularity, scalability, and integration capabilities. The proprietary BaaS Orchestrator platform provides a single technological entry point with flexible APIs, enabling firms to build custom financial services without significant upfront costs or legacy system disruptions.
The platform’s modular architecture lets organisations select and integrate specific features (such as core banking, payment processing, card issuing, and cross-border services). It supports global expansion through multi-market operations while maintaining efficiency. The platform seamlessly integrates with existing banking infrastructure, reducing migration challenges, while its expertise in PSD2 and other regulations helps clients navigate complex compliance requirements.
While other BaaS providers like Solarisbank, Railsr (formerly Railsbank), and Marqeta offer similar solutions, BKN301 stands out through its customizability, emerging market focus, and strategic partnerships. Unlike competitors’ rigid solutions, BKN301 enables businesses to customise banking and payment experiences using developer-friendly APIs. The company prioritises financial inclusion in MENA and Eastern Europe, addressing challenges like unbanked populations. Partnerships with companies like Finastra strengthen its offerings through advanced cloud-based solutions for multi-currency and multi-entity operations.
Enrico Filì, Head of the Digital Transition Fund at CDP Venture Capital, added: “BKN301 represents excellence recognised by customers and partners globally, an international operator that effectively contributes to innovation in fintech. CDP Venture Capital remains committed to supporting companies that drive innovation and create value in their fields. We have great confidence in the BKN301 team’s project and are determined to help them achieve their ambitious goals.”
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