TalkBank
Digital bank in messengers that understands banking commands in natural language.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 Valuation: €0.0 | round | |
$3.0m | Seed | ||
| Total Funding | 000k | ||
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TalkBank is a fintech entity operating on a Bank-as-a-Service (BaaS) model, providing a platform for businesses to integrate financial services into their existing processes. The company was established in August 2016 by co-founders Mikhail Popov, Alexander Popov, and Vladimir Kozhevnikov, with Mikhail Popov serving as CEO. Initially focused on creating a bank within messenger applications for consumers, TalkBank has since expanded its scope to offer a B2B infrastructure.
Headquartered in Moscow, Russia, the company has secured approximately $4.01 million in total funding over two significant rounds. A seed round in October 2017 brought in $1 million from backers including IIDF and Mark Malinovsky. This was followed by a Series A round in June 2021, which raised $3.01 million led by MTS, a major telecommunications company. TalkBank is also a resident of the Skolkovo Innovation Center, a notable technology hub.
The core of TalkBank's business is its proprietary IT platform that enables partners—such as marketplaces, retail companies, and other fintech firms—to embed financial functionalities for their customers. For its consumer-facing service, the platform leverages artificial intelligence and chatbot technology to deliver banking services through popular messaging apps like Telegram, eliminating the need for traditional branches or standalone mobile apps. Users can manage cards, make payments, transfer funds, and receive financial advice directly within a chat interface. For its business clients, TalkBank provides a suite of services including co-branded card issuance, remote client identification, services for self-employed individuals, loyalty program management, and payment processing. Revenue is generated through a commission-based model.
Keywords: Bank-as-a-Service, BaaS, fintech platform, conversational banking, chatbot banking, messenger banking, AI in finance, Mikhail Popov, virtual bank cards, embedded finance, payment processing, B2B fintech, digital banking, financial services API, Skolkovo resident, IIDF, MTS, marketplace payments, retail finance solutions