National Australia Bank has acquired London-based fintech Banked for an undisclosed amount, deepening its push into account-to-account payments and digital checkout infrastructure.
Founded in 2018, Banked operates a global Pay by Bank and orchestration platform designed to enable real-time, lower-cost transactions that move funds directly between bank accounts. NAB said the deal will strengthen its payments capabilities and support its strategy to help businesses receive payments faster and at lower cost.
The acquisition follows an existing relationship between the two companies. NAB had backed Banked through NAB Ventures across funding rounds in 2022, 2023 and 2024, and was already a minority shareholder before the transaction. In the near term, Banked’s group entities will continue to operate as wholly owned subsidiaries of NAB.
The deal highlights growing bank interest in payment models that sit alongside cards and digital wallets, as real-time account-to-account options gain traction with merchants seeking cheaper and more efficient ways to get paid.
Founded in 2018, Banked operates a global Pay by Bank and orchestration platform designed to enable real-time, lower-cost transactions that move funds directly between bank accounts. NAB said the deal will strengthen its payments capabilities and support its strategy to help businesses receive payments faster and at lower cost.
The acquisition follows an existing relationship between the two companies. NAB had backed Banked through NAB Ventures across funding rounds in 2022, 2023 and 2024, and was already a minority shareholder before the transaction. In the near term, Banked’s group entities will continue to operate as wholly owned subsidiaries of NAB.
The deal highlights growing bank interest in payment models that sit alongside cards and digital wallets, as real-time account-to-account options gain traction with merchants seeking cheaper and more efficient ways to get paid.