Bankingly
“Can a Latin American digital banking SaaS become the full-stack operating system for regulated financial institutions in emerging markets?”
Founded2015
HQMontevideo, Uruguay
Total raised$18.8M
Latest roundSeries A1 extension, 2023
IndustryInfrastructure / BaaS
The story
Founded in 2015 as a SaaS digital banking channel provider targeting underserved financial institutions in Latin America and emerging markets. Grew from basic web/mobile banking to a full omnichannel suite covering onboarding, conversational banking, and fraud prevention. By 2025–2026, pivoted toward an 'Agentic Banking' positioning, layering AI-driven customer interactions, WhatsApp-based debt collection, and behavioral fraud analytics on top of its existing digital banking infrastructure — shifting from channel software to a broader financial institution operating system.
Product timeline
2015
Bankingly founded in Montevideo, Uruguay as a digital banking SaaS provider for financial institutions in emerging markets.· banking
2021
Raised $5.25M Series A led by Elevar Equity and The Rise Fund to expand digital banking channels for financial inclusion globally.· banking
2022
Raised $11M Series A1 led by Dalus Capital to expand into 25 new markets across Latin America, Africa, and Asia.· banking
2023
Closed $2.5M extension to Series A1 led by Oikocredit to accelerate product development and global market expansion.· banking
2025
Launched 'Agentic Banking' era with AI conversational banking, WhatsApp-based collections automation, digital onboarding with KYC/biometrics, and fraud prevention modules.· banking
The stack
1 layer disclosed in Bankingly’s embedded-finance stack
Lending
Online loan applications (digital channel for FI clients)
Accounting gap: minor