Finexer Ltd Secures £150k to Advance Open Banking Infrastructure

Finexer Ltd, a London-based FCA-authorised Open Banking infrastructure provider, has successfully raised £150,000 in its latest funding round. The company, which specialises in offering APIs for real-time bank data access and account-to-account payments, filed the round on 26 April 2026, with an allotment date of 15 April 2026.

Founded on 5 September 2019, Finexer addresses the challenge faced by product teams in accounting, payroll, fintech, and vertical SaaS platforms to seamlessly connect to UK bank accounts. Its platform enables these businesses to retrieve financial data, verify information, and initiate payments through a single, streamlined integration. The company's mission is to empower businesses of all sizes by simplifying complex financial processes through innovative open banking solutions, linking UK businesses with consumers for secure and convenient instant transfers, payments, and refunds.

Finexer's product suite includes Open Banking Payments, offering instant payments, payouts, bulk payouts, and recurring payments (currently in beta for Variable Recurring Payments or VRPs). Additionally, it provides Open Banking Enriched Data services for real-time bank transaction data, balance checks, and account authentication, alongside KYC/KYB verification tools. Finexer Ltd operates as an Authorised Payment Institution under the Payment Services Regulations 2017, with firm reference number 925695, authorised to provide account information and payment initiation services. The company currently employs six individuals at its London headquarters.

This recent £150,000 raise adds to Finexer's history of securing early-stage capital. Previous funding rounds include £50,000 on 12 August 2025, £250,000 and £29,700 both on 28 July 2025, and £50,600 on 10 April 2025, which was at a valuation of £235,600. Earlier rounds in 2023 saw two £50,000 injections on 3 January, preceded by £35,000 on 31 August 2022, and two further £50,000 rounds on 30 September 2021 and 11 March 2021. While the valuation for the current £150,000 round has not been disclosed, this consistent pattern of smaller, frequent raises suggests a strategic approach to funding its growth and product development in the dynamic Open Banking sector.

The UK's Open Banking and broader FinTech landscape continues to demonstrate significant growth and strategic importance. Open banking has already delivered an estimated £8.3 billion in cumulative benefit to the UK economy, with projections suggesting annual economic benefits could reach £7.4 billion after five years as adoption scales. The market is expected to grow at a compound annual growth rate of 26.9% from 2025 to 2030, with payments being the most lucrative and fastest-growing segment. By December 2025, open banking reached 16.5 million user connections in the UK, a 36% increase over the previous year, with payments climbing to 351 million transactions, a 57% year-on-year increase.

Despite a challenging investment climate in 2025, where UK FinTech investment saw varying reports (KPMG reported a fall to £8 billion, while Innovate Finance reported $3.6 billion, a 0.4% increase on 2024 but 37% below 2023 levels), the second half of 2025 showed signs of an upturn, with investment increasing by 11% compared to the first half. The UK maintained its position as Europe's leading FinTech hub and second globally behind the United States in 2025. Investment in B2B products and services, such as those offered by Finexer, also saw renewed momentum, reaching its strongest year since 2019 globally.

Regulatory developments are also shaping the future of Open Banking. The Data (Use and Access) Act 2025 provides a long-term statutory foundation for open banking within the UK's new "smart data" framework, expanding data sharing beyond payment accounts to areas like SME lending and pensions. The Financial Conduct Authority (FCA) is actively working to support the rollout of Open Finance, with a roadmap expected to be published within a year and regulatory foundations for the first scheme anticipated by the end of 2027. The transition to commercial Variable Recurring Payments (VRPs) in 2026 is also seen as a significant evolution, with the first commercial VRP made in November 2025. This supportive regulatory and market environment provides a fertile ground for companies like Finexer to continue their development and expansion within the UK's thriving FinTech ecosystem.