Budget Insight: Raises $35M in Funding

Budget Insight Raises $35M in Funding

• Budget Insight, a Paris, France-based aggregator of banking and financial data and a pioneer of Open Finance in Europe, raised $35m in funding
• PSG Equity made the investment and will be a shareholder alongside the management team and Crédit Mutuel Arkéa
• The transaction is subject to the authorization of France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR)
• The company plans to use the funds to expand operations hiring 50 people this year, to grow its tech, product and sales teams
• The BudgetInsight API enables clients and their end users to aggregate financial data and documents, and initiate payments