The British fintech is trading its consumer storefront for a place inside banks, lenders and pension apps. Its pitch starts with a surprisingly expensive problem: financial data that nobody can quite make sense of.
The London fintech does not want shoppers to know its name. It wants banks and payment companies to put their own names on a cheaper route from checkout to current account.
The London fintech started by turning stubborn bank systems into tidy APIs. Ten years, two acquisitions and a bruising reset later, it is attempting something larger: a European payments network that can handle debit, recurring charges and credit without a card in sight.
The Iowa fintech began as a 25-cent rebellion against card fees. Its second act - invisible bank-payment infrastructure - proved durable enough for NMI to buy the company in 2026.
Banked spent eight years trying to build a payments network cheaper than cards. In May 2026 National Australia Bank bought the whole thing - and pointed it at home.
NMI built a large payments business by staying behind the curtain. Its white-label infrastructure lets software companies and payment specialists assemble, brand and monetize the route from merchant sign-up to checkout to payout.
Tarabut (formerly Tarabut Gateway) is the MENA region's first and largest regulated open banking platform, connecting a network of banks and fintechs through a universal API. Founded in Bahrain by Abdulla Almoayed and now headquartered in Riyadh, the company provides banking-as-a-service, embedded finance, account-to-account payments, and data-driven credit tools that let financial institutions and businesses build personalized financial products across Saudi Arabia, the UAE and Bahrain.