The $20 million round was co-led by HSBC and Goldman Sachs; Bud is a financial network, capitalizing on open banking to connect people, banks and service providers into one platform; according to co-founder Ed Maslaveckas, “The market dynamic is such that open banking is a much bigger change for banks than I think people realize…Open banking essentially allows the customer to get their banking data and make payments from any app or service of their choosing.”; the company is looking to expand its product to new markets with the new round and double its London office headcount to around 120 people. Source
