Constantinople
“Can an AI-native, full-stack BaaS platform let Australian banks and fintechs launch modern banking products in months instead of years?”
Founded2022
HQSydney, Australia
Total raised~$53M
Latest roundSeries A, 2024
IndustryInfrastructure / BaaS
The story
Constantinople is an Australian banking-as-a-service infrastructure provider founded in 2022 in Sydney. It offers an AI-native, cloud-based banking platform that lets regional banks and non-bank platforms launch deposit accounts, cards, payments, and lending under their own brand, with Constantinople handling underlying ops, compliance, and risk. The Tyro and Prosus-led Series A signal a strategy of selling into established players (existing ADIs expanding banking, fintechs embedding banking) rather than launching a consumer neobank itself.
Product timeline
2022
Founded in Sydney to build cloud-native banking infrastructure· pivot
2022
Raised $20M seed round· pivot
2024
Closed $32.8M Series A led by Prosus Ventures· pivot
2024
Tyro partnership: expanding from payments to full-service banking· banking
2025
Partnered with Paymentology for card issuing and processing across APAC· card
The stack
5 layers disclosed in Constantinople’s embedded-finance stack
Banking / BaaS
Constantinople (in-house, via partner ADI)
Card issuing
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: minor
8 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.