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# BKN301 secures €21.5 million funding to expand Banking-as-a-Service from MENA to Europe
- URL: https://www.embeddedfinancereview.com/bkn301-secures-eu21-5-million-funding-to-expand-banking-as-a-service-from-mena-to-europe/
- Published: 2025-04-19T12:33:00.000Z
- Updated: 2025-11-05T13:34:25.000Z
- Description: BKN301 secures €21.5M to expand banking-as-a-service orchestration from MENA to Europe. Why this tech-only provider focuses on regulated financial institutions.
- Author: Lars Markull
- Tags: News, BKN301, Enabler, MENA, Embedded Banking

**What happened:** The banking-as-a-service orchestrator provider BKN301 has announced fresh €21.5 million funding from various investors ([EU Startups](https://www.eu-startups.com/2025/04/british-fintech-startup-bkn301-group-raises-e21-million-baas-platform/?%5Fbhlid=2d29d339753ef878ca42a10c55c80c6d6badd4da&ref=embeddedfinancereview.com)). The company is headquartered in London, but its roots are in the Italian region, with offices in Milan and San Marino. The company places a strong emphasis on the Middle East and North Africa (MENA) region.

**My comment:** BKN301 has already secured a €15 million funding round in July 2022, bringing its total funding to at least €36.5 million, which places it among other well-known banking-as-a-service providers ([Finextra](https://www.finextra.com/newsarticle/45824/baas-platform-bkn301-completes-186-million-series-b?%5Fbhlid=3b7d31119ff65b4518c9419f2e350ae36e817af5&ref=embeddedfinancereview.com)). BKN301 is not well-known, likely due to its focus on the MENA region and its emphasis on financial institutions, which results in a limited number of deals, as it lists only eight customers on its website. From what I have gathered, the company is currently a pure tech player without a license (some of the messages on their website indicate their own licence, but I could not verify this - maybe an Italian e-money license?) and is currently only working with regulated companies, such as traditional banks and neobanks.