Constantinople lands $50m in Series A funding

End to end banking platform led by Constantinople has landed $50 million (US$33 million) in a Series A round led by Prosus Ventures.

The Series A funding round also included alongside existing investors, Square Peg, Airtree and Great Southern Bank.

Constantinople, built by former Westpac executives, can manage a full-suite of white-labelled banking products plus all operational services needed to run a bank.

The company said on its LinkedIn, “Over the past two years, Constantinople has built and launched a complete tech and operations platform for banks.”

“Our platform enables banks to focus more on their customer relationships and the business of banking, instead of back-office tech and operational complexity.

“It's an entirely new category of software which aims to fundamentally change and improve how banks operate,” the business said.

The businesses recently launched a business app new, digital-first banking proposition with Great Southern Bank which provides small business customers with an integrated banking products on one platform.

Constantinople's LinkedIn post said its platform “covers both retail and business banking, supporting a full product suite across transaction banking, payments, cards and lending, as well as mobile and web apps for improved customer experiences.”

“Constantinople also handles operational activities on behalf of our client banks, using software and AI for customer onboarding, financial crime monitoring, fraud detection, banking and lending operations, and automated compliance and controls,” the company said.