London, April 14, 2025. BKN301 Group, a London-based fintech with offices in Milan, San Marino and Doha, specialized in Banking-as-a-Service (BaaS), has successfully closed a € 21.5 million capital increase aimed at supporting the Group's growth through organic development and strategic acquisitions.

BKN301 operates in Europe, Africa and the Middle East and supports the development of the financial sector with its innovative BKN301 BaaS Orchestrator platform. In addition to the support of existing investors, the round saw the entry of new institutional, industrial and private investors, including: CDP Venture Capital SGR (through the Digital Transition Fund), Azimut Libera Impresa SGR through the Azimut Digitech Fund under the advisory of FNDX, SIMEST (through F.394/81 managed on behalf of the Ministry of Foreign Affairs and International Cooperation), Aldo Fumagalli's Alisei Forinvestments and other investors. These join investors from previous rounds, including SM Capital, Prosus Group, CRIF, Abalone Group, Federico Ghizzoni and Fabio Nalucci.

Business expansion and consolidation

The capital increase will enable BKN301 to accelerate the execution of its development strategy, both using existing assets and through targeted acquisitions. The funds will also be used to enhance BKN301's proprietary BaaS Orchestrator platform. The solution offers core banking, payment processing, digital wallets, card issuance, API decoupling, cross-border services, open banking, AI and Gen AI, ensuring smooth integration with third-party systems. With a scalable and innovative model, BKN301 helps traditional, fintech, and digital banks - including blockchain banking and token platforms - integrate secure and scalable solutions, accelerating growth and expansion into new markets.

After rapidly validating its model in high-growth markets such as Africa and the Middle East - where it has been chosen by major operators and reaches 18 million customers daily in Egypt alone - BKN301 is now effectively moving into Europe, where it is embarking on a new phase of growth as a global operator. An evolution that begins right from Italy, where the Group has launched a strategic partnership with the digital bank HYPE to develop and update digital financial products, responding with a rapid go-to-market to the needs of an evolving user base.

BKN301's new direction is supported not only by the validation of its model by industry players but also by its financial performance. With growth of 187% since entering the market in 2021, the company reached operational break-even at the end of 2024, with gross revenues of €18.4 million up to 51% YoY, and a net revenues growth 236% YoY. During the year, the company contributed to the evolution of the industry by developing payment and financial services based on its solutions, which reach 18 million users daily.

Banking-as-a-Service: an expanding market

As digitalization continues to evolve, Banking-as-a-Service is becoming a reference model for the financial services. The integration of AI and GenAI for financial services is also transforming the way institutions manage data, security and personalization of offerings. The global market is estimated to be worth $60 billion by 2033 (source: Allied Market Research).

Stiven Muccioli, co-Founder and CEO of BKN301 Group, commented: "The entry of new major investors, together with the confirmation of the trust of those who have already believed in our project, represents a strong signal of the solidity of our model. Closing a Series B round in this market environment is a significant achievement and marks the beginning of a new phase of growth. Our goal is clear: to bring a truly efficient, scalable and innovative Banking-as-a-Service model to global markets. With the new business plan, we estimate a CAGR of 36% EBITDA by 2028 and aim to bring innovative, easy-to-use payment and financial services to more and more operators and their customers".

Enrico Filì, Head of the Digital Transition Fund at CDP Venture Capital said: "BKN301 represents an excellence recognised by customers and partners worldwide, an international operator that effectively contributes to innovation in fintech. CDP Venture Capital is committed to supporting companies that drive innovation and create value in their respective fields. We have great confidence in the work of BKN301 team and are committed to helping them achieve their ambitious goals”.