---
title: "Planky Raises €6.9M Funding to Turn Open Banking Data Into AI Credit Decisions"
url: "https://bizztor.com/news/planky-raises-6-9m-funding-ai-credit-decisioning/"
author: "Bizztor"
author_url: "https://bizztor.com/author/bizztor/"
date_published: "2026-11-10T12:00:00.000Z"
date_modified: "2026-11-14T10:37:35.998Z"
category: "News"
description: "Innovation Global and Azimut co-led the round for the London data platform, bought by BKN301 a year ago, as it moves into real-time lending decisions."
publisher: "Bizztor"
---

# Planky Raises €6.9M Funding to Turn Open Banking Data Into AI Credit Decisions

> Innovation Global and Azimut co-led the round for the London data platform, bought by BKN301 a year ago, as it moves into real-time lending decisions.

**Planky, a London financial data company owned by BKN301 Group, has raised €6.9M (about £5.8M) to turn its open banking analytics into a real-time AI credit decisioning engine.**

[Planky announced the round](https://ffnews.com/news/planky-raises-7-8m-to-move-from-open-banking-analytics-to-real-time-ai-credit-de-23a96e72) on 10 November. It was co-led by Innovation Global, advised by SM Capital, and funds from the Azimut Venture Capital Digitech Europe strategy, managed by Azimut Investments. FNDX provided strategic support.

## What does Planky do?

Planky analyses bank transaction data shared through open banking. Lenders use it to understand a borrower's income, spending and risk.

The new money moves the product from reports to live decisions. Planky is building predictive risk models that watch borrower behaviour continuously and flag early signs of financial stress.

Its customers are banks, lenders and embedded finance platforms.

## Who owns Planky?

[BKN301 Group bought Planky in November 2025](https://fintech.global/?p=223360) as part of a €33M Series B extension. BKN301 provides banking-as-a-service infrastructure for regulated institutions, with offices in London, Milan, San Marino, Doha and Tbilisi.

Planky's models are being built into BKN301's digital banking platform. Stiven Muccioli is co-founder and chief executive of BKN301.

## Where will Planky grow?

The funding supports faster AI product development and expansion in the Middle East and with international clients. Through its parent, Planky already has a presence in Italy, San Marino and Qatar.

## Why raise inside a group?

It is unusual for an acquired company to raise its own round. Doing so lets outside investors back the AI data business directly, while it still benefits from BKN301's banking clients and licences.

Azimut also backed BKN301's Series B, so the investors already know the group well.

BKN301 closed a €21.5M Series B in April 2025, with backing from CDP Venture Capital through its Digital Transition Fund, the Azimut Digitech Fund advised by FNDX, and SIMEST on behalf of Italy's foreign ministry. It later extended that round to €33M when it bought Planky.

That gives Planky a parent with fresh capital, an established client base of regulated institutions and a clear reason to keep investing in its models. The new outside money adds a second layer of funding that is tied directly to the AI product.

## What this means for UK founders

Open banking was a UK invention, and many of the first analytics companies were built here. Planky's move shows where that market is heading: from showing data to making the lending decision itself.

For founders in [UK fintech](https://bizztor.com/uk-funding-data/fintech/), it is also a reminder that an acquisition does not have to end the funding story. This month has seen several UK financial infrastructure rounds, including [Griffin's Series B](https://bizztor.com/news/griffin-raises-20m-series-b-funding/).

You can follow more rounds like this in Bizztor's [London startup funding data](https://bizztor.com/uk-funding-data/london/).

---

Source: https://bizztor.com/news/planky-raises-6-9m-funding-ai-credit-decisioning/