Banked, acquired by National Australia Bank, is a global payments platform headquartered in Palo Alto, United States. It builds its services on modern bank rails, catering to consumers, businesses, and banks by offering real-time payment networks that enhance the customer experience, payment security, and cost-effectiveness.
Founded in 2018, Banked offers real-time payment processing and payment authentication via PayTo, benefiting e-commerce platforms, retail businesses, and Australian banks. The company's B2B model incorporates API and embedded finance solutions. Banked generates revenue through transaction fees, usage-based models, and service fees, focusing on reducing transaction costs and improving cash flow for its clients.