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HSBC and Goldman Sachs return fintech company Bid Series A Financing Round



British fintech startup Bud said Monday that it had secured $ 20 million in a funding round led by HSBC and Goldman Sachs.

"The market dynamics are such that open banks are a much bigger change for banks than I think people realize," he told CNBC. "Open Bank basically allows the customer to get their bank data and make payments from any app or service they choose."

Bud's Series A Financing Round ̵

1; an early stage investment – also received support from other major lenders, including Australia's ANZ, South Africa's Investec and Spain's Banco Sabadell. Investec invested through its venture fund INVC while Banco Sabadell participated through its venture arm InnoCells.


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