ROYAL PARK PARTNERS ADVISES BUD ON ITS   SERIES B FUNDING ROUND, RAISING $80 MILLION LED BY TDR CAPITAL

Overview of the transaction

Bud, one of Europe’s leading open-banking platforms, has announced its $80m Series B funding round led by funds managed by TDR Capital LLP.

The funding will be used to further develop Bud’s models and facilitate international expansion, while enabling Bud to exceed the demands of its growing client base.

Overview of Bud

  • Founded in 2015 and based in the UK, Bud has built a market-leading technology based on transactional AI models. Buds' data engine leverages open banking and consumer data to generate a highly accurate picture of a consumer’s financial position

  • Its core product, “Signal”, empowers financial institutions to develop personalised digital products, to automate lending decisions and perform more accurate affordability checks

  • Bud’s co-founder and CEO, Ed Maslaveckas, said of the investment: "Bud’s transactional intelligence services allow applications to become truly personalised for the first time. For example, our lending customers can expect to see an increase of about 85% in capacity by combining open banking data with our AI capabilities in their affordability assessments.”

  • In the past months, Bud’s intelligent open banking platform has attracted many blue-chip clients including leading banks (ANZ, HSBC), lenders (Street UK) and credit scoring platforms (TotallyMoney and Credit Karma)

Royal Park Partners' role

  • Royal Park Partners acted as exclusive financial and strategic advisor to Bud and its shareholders throughout the transaction

  • This transaction highlights Royal Park Partners’ extensive experience in the open banking and embedded finance space

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