Founded in 2016
Initial investment in 2018
Board member: Sandeep Farias
'Bankingly enables financial inclusion by providing digital tools and services to financial institutions that cater to underserved and low income communities'
Bankingly offers a customizable banking solution (SaaS) for financial institutions such as cooperatives, microfinance institutions, new fintech companies, and other small finance institutions, in Latin America and globally to help them effectively cater to the financial needs of underserved communities. Bankingly’s digital platform equips these institutions with the tools to manage their financial products, introduce their customers to digital banking, communicate with their customers and handle their transactions at an affordable cost.
Small financial institutions struggle with limited technical and financial resources to invest in a digitization effort, and have historically faced a disadvantage to effectively serve their customers. Bankingly seeks to enable financial inclusion by providing digital channels to reach and engage with customers in low income communities. By targeting small cooperatives and MFIs, Bankingly is enabling them to become more competitive, improve customer acquisition and better serve a customer segment traditionally ignored by the banking sector.
Only ~20% of major Latin American banks offer a smartphone app for banking services
Martin Naor, Founder, has more than 20 years of experience in technology, sales and marketing. In his 12 years at Microsoft, he was the first Marketing Manager for Microsoft Uruguay and then joined the Microsoft Latin American team in the US, where he managed the manufacturing division. In 2009, he moved back to Uruguay as the CEO of Infocorp, an omnichannel digital banking platform.