Planky Raises €6.9 Million for AI Financial Data Platform
UK fintech Planky has secured €6.9 million to evolve from Open Banking analytics into a real-time AI decisioning layer and to expand in the Middle East.
Planky, a UK-based financial data intelligence platform, has raised €6.9 million in new funding. The company says the money will speed up its shift from Open Banking analytics to a real-time AI decisioning layer for the financial industry.
The round was co-led by Innovation Global and advised by SM Capital. Planky is owned by BKN301.
From analytics to decisioning
Open Banking data has so far been used mainly to analyse customer finances. Planky aims to go a step further: instead of only describing what has happened, its platform is meant to support decisions in real time using AI. That repositioning is the core of the strategy the new capital is meant to fund.
For banks, lenders and other financial firms, a decisioning layer built on live financial data could shorten the path from raw transaction information to an actionable outcome. The company positions its product as infrastructure for that step.
International expansion
Part of the funding is earmarked for growth beyond the UK. Planky names the Middle East as a priority region, alongside other international markets. The announcement does not detail which countries come first or when new offices or partnerships will launch.
The round underlines continued investor interest in AI-driven fintech infrastructure, particularly companies that build on Open Banking data rather than consumer-facing apps. How quickly Planky can turn its analytics base into a decisioning product, and win customers in new regions, will show whether the strategy pays off.
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