Banked

Banked positions its account-to-account network as a direct alternative to traditional card schemes like Visa and Mastercard, as well as to bank-led open-banking payment initiation services. Unlike open-banking aggregators that rely on bank APIs for single payments, Banked bundles checkout, payouts, refunds, and a loyalty incentives platform into one merchant-facing suite. The firm highlights reduced acceptance costs compared to blended card rates and real-time settlement as its core competitive arguments.

Banked has not publicly disclosed its revenue model. Its product architecture — a checkout module, payouts engine, and incentives platform — implies fee structures likely tied to transaction volume or platform subscription, but the company does not publish pricing. The firm emphasizes cost reduction relative to card acceptance fees, suggesting it monetizes through a spread or flat fee model.

Banked lists a UK Firm Reference Number of 816944, indicating registration with the Financial Conduct Authority. The company's website does not explicitly detail its full regulatory perimeter or authorized activities under that FCA registration. Its operations in Australia, the United States, and Lithuania do not appear on the firm's website alongside corresponding local regulatory disclosures, suggesting reliance on partnerships or limited authorizations.

Banked dedicates a section of its website to investors but does not name any specific individuals or venture capital firms there. Without a named backer or disclosed funding round, the firm's capitalization remains opaque. The presence of an investors section suggests external funding, but no primary source confirms the amount, date, or identity of any investor.

Banked promotes a compliance layer built on SCA-compliant biometric authorization and a structure that avoids sharing customer financial data with the merchant — a feature that reduces chargeback exposure relative to card-on-file models. The firm frames biometric authentication as a substitute for both passwords and static card details, removing the attack surface that credential-stuffing and card-not-present fraud typically exploit.