Meniga Due Diligence

Run due diligence on Meniga: check compliance and get alerts when suppliers change.

Iceland · www.meniga.com · 19 vendors

Meniga is a financial software company that provides white-label digital banking and personal finance management (PFM) solutions to financial institutions. Its platform helps banks improve their online and mobile banking experiences by offering advanced data consolidation, enrichment, and AI-powered insights, enabling hyper-personalization for their customers.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 19 sub-vendors.

Insights

Last updated 2026-08-14 · revision 1

19 direct vendors, 236 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

9 in-scope frameworks identified; showing 3.

Icelandic Act on Personal Data Protection — Evidence found

Evidence: https://www.meniga.com/privacy-policy/, https://www.meniga.com/security-policy/, https://www.personuvernd.is/english

GDPR (source) — Evidence found

Evidence: https://www.meniga.com/privacy-policy/, https://www.meniga.com/security-policy/, https://www.meniga.com/cookie-policy/

ISAE 3000 (source) — No public evidence

Evidence: https://www.meniga.com/security-policy/, https://www.meniga.com/privacy-policy/

Financials

Three-year financials

Financial Resilience Score: 6/10

Meniga demonstrates moderate financial resilience underpinned by a blue-chip enterprise customer base (UniCredit, Swedbank, Nordea, Íslandsbanki, Crédito Agrícola, UOB/TMRW, mBank, SMBC) and strategic shareholder alignment, as several major banking clients are also investors. The company has raised over €50 million cumulatively, including a €15 million Series D in November 2023 that likely provides 18–24 months of runway on typical SaaS burn assumptions. Long-tenor enterprise banking contracts add revenue visibility and stickiness. However, as a private venture-funded fintech scale-up, Meniga is likely still operating at a loss and depends on continued shareholder support or a clear path to profitability. Competitive pressure from Tink (Visa), Strands (CRIF), Personetics, Envestnet Yodlee, and in-house bank platforms is significant, and the emerging AI/agentic-banking arms race requires sustained R&D spend against much larger competitors. Concentration risk on a few large enterprise clients, FX exposure (ISK/PLN cost base vs. EUR/GBP/USD revenues), and recent leadership transition (new CEO Raj Soni, new CTO Piotr Tybura, founder no longer visible) introduce further uncertainty. Overall the company appears capitalized and strategically positioned but not yet clearly self-sustaining.

Key strengths: Blue-chip banking client base with multi-year enterprise contracts, Strategic shareholders (Groupe BPCE, UniCredit, Swedbank, Nordea, Íslandsbanki) that are also customers, €15M Series D closed November 2023; >€50M cumulative funding, Global footprint across 30+ countries and 35 client-countries, Broad platform (enrichment, PFM, open banking, sustainability, agentic AI)

Risk factors: Likely loss-making private company dependent on shareholder support, Revenue concentration risk on a few large banking clients, Intense competition from Tink/Visa, Personetics, Strands, Envestnet Yodlee, AI arms race requires sustained R&D spend vs. much larger competitors, FX exposure (ISK/PLN costs vs. EUR/GBP/USD revenues), Recent leadership turnover (CEO and CTO changes; founder transition)

Revenue by geography

Revenue by product/service

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