External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
German fintech Banxware raises €4 million in seed financing 08 February 2021
Source: Banxware Berlin-based Fintech Banxware has raised EUR 4 Million in a seed round led by Force over Mass and VR Ventures. Both VC firms have extensive portfolios of Fintech companies. Furthermore, severalFintech pioneers from the payments and SME lending space have joined the initiative, including:
HTGF, a public-private venture capital investment firm based in Bonn, Jan Kaniess and Carl Frederic Zitscher, the founders of Payone, Alex Urdea, Principal at Upper90, a New York City based debt and equity fund, CJ Lanktree, Partner at Solus Alternative Asset Management, a New York City based investment advisor, as well as Paula Blazquez Solano, Principal at Innocells, the venture arm of Banco Sabadell in S
Search
German Embedded Financial Services Provider Banxware Secures €4 Million Though First Seed Funding Round Led By Force over Mass & VR Ventures
February 8, 2021 @ 8:10 am By Samantha Hurst
Banxware, a Germany-based financial service provider, recently announced it secured €4 million through its first seed funding round, which was led by Force over Mass and VR Ventures.
Founded in 2020, Banxware describes itself as a software provider for Embedded Financial Services. The company enables digital platforms such as marketplaces, payments providers, POS providers, and other aggregators to offer white label financial products, especially loans to their merchants – fully digital and integrated. We ensure small businesses can thrive in a digital world and can tap into every source of funding possible – even future revenues.