# Keel

**Source:** https://www.startuphub.ai/startups/keel
**Profile type:** Startup

> Banking-as-a-Service (BaaS) platform for fintechs.

## About

Keel is a Manchester-based Banking-as-a-Service (BaaS) platform that provides fintech companies with the infrastructure to launch and scale financial products. Originally founded as a consumer neobank called Frost, Keel pivoted to focus on fintech infrastructure after achieving profitability. Their platform offers multi-currency accounts, virtual accounts, Visa card issuing (debit, prepaid, credit), open banking services, and access to various payment rails (Faster Payments, BACS, CHAPS, SEPA, SWIFT, ACH, Fedwire). The platform is delivered through a single API and includes integrated compliance tools like KYC, AML, fraud detection, and transaction monitoring. Keel aims to reduce operational complexity for fintechs by offering an integrated infrastructure model.

## Key facts

- **Slug:** keel
- **Website:** https://www.keel.com/
- **Location:** Manchester, England, United Kingdom
- **Founded:** 2019-01-01 00:00:00
- **Employees:** 15
- **Operating status:** Active
- **Total funding:** $2M
- **Sectors / tags:** Fintech, Banking, Financial Services, Banking-as-a-Service, Embedded Finance, Payments, API Platform, Financial Infrastructure
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/keel-fintech/
  - Twitter: https://x.com/keel_tech

## Frequently asked

### What does Keel do?

Keel is a Manchester-based Banking-as-a-Service (BaaS) platform that provides fintech companies with the infrastructure to launch and scale financial products. Originally founded as a consumer neobank called Frost, Keel pivoted to focus on fintech infrastructure after achieving profitability. Their platform offers multi-currency accounts, virtual accounts, Visa card issuing (debit, prepaid, credit), open banking services, and access to various payment rails (Faster Payments, BACS, CHAPS, SEPA, S…

### What is Keel's revenue?

StartupHub estimates Keel's annual revenue at $4.1M (range $2.3M to $8.6M, 63% confidence), based on comparable companies in the sector.

### What is Keel's valuation?

StartupHub estimates Keel's effective valuation at $5.6M (range $3.8M to $9.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has Keel raised?

Keel has raised a total of $2M in funding. The most recent round on record is Seed.

### Where is Keel headquartered?

Keel is headquartered in Manchester, England, United Kingdom.

### When was Keel founded?

Keel was founded in 2019.

### What industry does Keel operate in?

Keel operates in Fintech, Banking, Financial Services, Banking-as-a-Service, Embedded Finance, Payments.

### How many employees does Keel have?

Keel has approximately 15 people on record.

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