Engagement Banking Leader Backbase Raises €120M from Motive Partners
Having bootstrapped to €200 million in revenue, Backbase is doubling down on its successful category strategy in partnership with specialist investor Motive Partners Amsterdam, June 9, 2022 – Backbase, creator of the category-leading Engagement BankingPlatform, raised €120 million in growth equity funding from Motive Partners. Having grown organically to over €200 million in revenue, Backbase is now partnering with a Fintech specialist private equity firm, to further strengthen its claim on the Engagement Banking category.This growth investment values Backbase at €2.5 billion. Motive Partners is a founder-friendly partner, fully supporting Backbase in remaining an independent force and driving the EngagementBanking strategy, by continuing to focus on customer-centric innovation that transforms the financial services industry’s siloed channels and legacy applications.
