Stockholm-based PFM expert, Meniga announced early this month that it has raised USD $6.5 million (€5 million) in series A funding.

Iceland-based Kjolfesta led the capital round. Frumtak, a previous investor in Meniga’s 2010 seed round, also participated.

Meniga will use the funds to better help banks provide a relavant and personalized customer experience by converting raw data into valuable information.

To learn more about Meniga, watch its FinovateEurope 2013 demo.