Monument Technology, the cloud-based, end-to-end Banking-Platform-as-a-Service (BPaaS) provider, has today (17th June 2026) announced the successful close of its seed funding round at more than £18 million.
The company said the round exceeded its original £10 million target due to strong investor interest.
Monument Technology has also confirmed it has commenced its Series A fundraising round, with commitments already secured at an increased share price and valuation.
Monument said further client successes are expected and the business plans to add a wide array of payment and account functionalities to the platform, building on its momentum in the banking technology sector.
The funding will be used to support the continued scaling of the business in both the UK and internationally, further develop the platform, and make implementation simpler and faster for financial services clients.
Monument Technology’s BPaaS platform provides a unique end-to-end “Bank in a Box” solution that integrates Monument’s proprietary technology with a significant number of best-in-class components, such as Mambu, Salesforce and Nice Actimise, and combines core banking, payments and customer channels into a single managed solution.
The platform has already proven its ability to scale and operate within a regulated banking environment, supporting operational efficiency, faster product development, and is generating sustained interest from financial institutions seeking seamless and efficient banking technology solutions.
The fundraising follows a period of significant progress for the business. During the funding round, Monument Technology completed the implementation and migration of its first client, Ecology Building Society, and has since begun implementation work for Castle Trust Bank, its second major client and first UK-regulated bank client.
The company has also continued to deliver enhancements to its platform, including the launch of a web portal alongside its mobile app, a range of additional capabilities for ISAs and mortgages, and integration with a leading loan origination solution.
Steve Britain, CEO of Monument Technology, said: “We see a considerable opportunity to redefine banking technology through our unique and comprehensive BPaaS solution. Our successful fundraising enables us to continue innovating and expanding our offering to meet the evolving needs of financial institutions worldwide.”
Mintoo Bhandari, Founder of Monument and Vice Chair, added: “We are delighted to have surpassed our initial fundraising target and are incredibly grateful for the confidence our investors have placed in Monument Technology. This funding will allow us to scale the business, build our team, and further enhance the platform’s capabilities to meet the growing demand for our solutions both in the UK and globally.”
For more information on Monument Technology, visit: www.monument.tech
Read the orginal article: https://ffnews.com/newsarticle/funding/monument-technology-closes-18-million-fundraising-round/
