Berlin \u2014 Berlin-based fintech company Banx\u00adware has raised \u20ac10 million in a seed expan\u00adsion round led by Element Ventures. D4 Ventures, FinVC and Varen\u00adgold Bank AG parti\u00adci\u00adpate as co-inves\u00adtors. All three VC firms have exten\u00adsive port\u00adfo\u00adlios of fintech companies.<\/p>\n
Banx\u00adwa\u00adre\u2019s exis\u00adting inves\u00adtors Force over Mass, VR Ventures <\/strong>and High-Tech Gr\u00fcn\u00adder\u00adfonds<\/strong> (HTGF) have signi\u00adfi\u00adcantly increased their invest\u00adments as part of this round. This also applies to the indus\u00adtry experts who have alre\u00adady inves\u00adted. They are Jan Kaniess and Carl Frede\u00adric Zitscher, foun\u00adders of Payone; Alex Urdea, former prin\u00adci\u00adpal at Upper90, a New York City-based debt and equity fund; and Paula Blaz\u00adquez Solano, part\u00adner and co-foun\u00adder of Credo Capi\u00adtal Part\u00adners. The current funding round is the second that the fintech company has under\u00adta\u00adken in 2021.<\/p>\n In the course of the finan\u00adcing round, Banx\u00adware also restruc\u00adtu\u00adred its advi\u00adsory board. New advi\u00adsory board members from the inves\u00adtor side are Mike McFag\u00adden, Filip Coen, Timo Fleig and Jakob Schreyer. The chair\u00adman\u00adship of the advi\u00adsory board was filled by Chris\u00adtoph Bornschein.<\/p>\n Banx\u00adware will use the invest\u00adment to further deve\u00adlop its embedded finan\u00adcial services offe\u00adring, grow its team and expand product deve\u00adlo\u00adp\u00adment, sales and marke\u00adting to digi\u00adtal plat\u00adforms across Europe. In the last 12 months, Banx\u00adware has mana\u00adged to inte\u00adgrate its solu\u00adtion with major plat\u00adforms such as Penta, Takeaway.com (Lieferando) and Prestashop. In Q1 2022, Banx\u00adware will inte\u00adgrate embedded finan\u00adcing solu\u00adti\u00adons with 3 leading payment service provi\u00adders and seve\u00adral other plat\u00adforms in Germany, and plans to expand its reach to key Euro\u00adpean markets.<\/p>\n Banx\u00adwa\u00adre\u2019s tech\u00adno\u00adlogy enables any company to offer embedded finan\u00adcing products to SME custo\u00admers. Banx\u00adware thus crea\u00adtes the link between banks, digi\u00adtal plat\u00adforms and merchants, all of whom bene\u00adfit from Open Banking and the latest technologies.<\/p>\n Plat\u00adforms:<\/strong> Plat\u00adforms can enhance their current merchant offe\u00adring with reve\u00adnue-based finan\u00adcing products to streng\u00adthen both custo\u00admer loyalty and their own compe\u00adti\u00adtive posi\u00adtion in the market\u00adplace \u2014 all without compro\u00admi\u00adsing their plat\u00adfor\u00adm\u2019s user inter\u00adface. This will create an addi\u00adtio\u00adnal reve\u00adnue stream, enab\u00adling the plat\u00adform to offer more compe\u00adti\u00adtive prices for its core products.<\/p>\n SMEs:<\/strong> SME custo\u00admers bene\u00adfit from a fast, conve\u00adni\u00adent and fully digi\u00adtal finan\u00adcing appr\u00adoval process that allows them to access finan\u00adcing within minutes.<\/p>\n Banks:<\/strong> Banx\u00adware offers banks access to a new set of custo\u00admers and acce\u00adle\u00adra\u00adted, digi\u00adti\u00adzed risk assess\u00adment to digi\u00adtize lending and target under\u00adser\u00adved and digi\u00adtally savvy custo\u00admers that tradi\u00adtio\u00adnal banks would not other\u00adwise reach.<\/p>\n Unlike other finan\u00adcial solu\u00adti\u00adons on the market, Banx\u00adware stands out because of its fully digi\u00adtal, embedded approach:<\/p>\n Last Decem\u00adber, Banx\u00adware laun\u00adched its first embedded product, a white-label SME finan\u00adcing solu\u00adtion that is fully inte\u00adgra\u00adted into the look and feel of the plat\u00adform and allows plat\u00adforms to offer liqui\u00addity to their merchants based on future reve\u00adnue. The finan\u00adcing decis\u00adion is made in real time and the disbur\u00adse\u00adment is imme\u00addiate. For this product, Banx\u00adware secu\u00adred an initial loan volume of 100 million euros from Verei\u00adnigte Volks\u00adbank Raiff\u00adei\u00adsen\u00adbank eG.<\/p>\n The foun\u00adding team<\/strong> Jens Roehr\u00adborn, CEO of Banx\u00adware, is a lawyer with more than 20 years of expe\u00adri\u00adence in the payments and banking indus\u00adtry. Jens has been a board member and\/or consul\u00adtant at PPRO, Deut\u00adsche Handels\u00adbank, Order\u00adbird, Stocard, Lieferando, Rails\u00adbank and many others.<\/p>\n Toge\u00adther with Fabian Hei\u00df<\/strong>, former Head of Busi\u00adness Unit at Finleap, Nico\u00adlas Kipp, ex-Chief Risk Offi\u00adcer at Rate\u00adpay and Diogo Simoes, former Head of Engi\u00adnee\u00adring at Klarna, Banx\u00adware is well equip\u00adped to shape the future of finan\u00adcing solutions.<\/p>\n About Element Ventures<\/strong> About Force over Mass<\/strong> About VR Ventures<\/strong> About High-Tech Gr\u00fcnderfonds<\/strong> <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Berlin \u2014 Berlin-based fintech company Banx\u00adware has raised \u20ac10 million in a seed expan\u00adsion round led by Element Ventures. D4 Ventures, FinVC and Varen\u00adgold Bank AG parti\u00adci\u00adpate as co-inves\u00ad\u00adtors. All three VC firms have exten\u00adsive port\u00adfo\u00adlios of fintech compa\u00adnies. Banx\u00adwa\u00adre\u2019s exis\u00adting inves\u00adtors Force over Mass, VR Ventures and High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) have signi\u00adfi\u00adcantly increased their [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39253,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1369,1373],"tags":[],"class_list":["post-40187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-investors","category-venture-capital-en"],"yoast_head":"\n
\nBanx\u00adware was foun\u00added in Septem\u00adber 2020 by Miriam Wohlf\u00adarth (photo from Banx\u00adware) <\/strong>and Jens Roehr\u00adborn<\/strong>, both of whom are well-known in the indus\u00adtry. Miriam Wohlf\u00adarth is proba\u00adbly the best-known fintech foun\u00adder in Germany. In 2009, she foun\u00added Rate\u00adpay, a leading payment provi\u00adder for white-label buy-now-pay-later solu\u00adti\u00adons, which is part of the Nets\u2011A\/S group, employs over 300 people* and is fully profitable.<\/p>\n
\nElement Ventures is a global venture capi\u00adtal fund that invests in B2B finan\u00adcial tech\u00adno\u00adlogy compa\u00adnies. Elemen\u00adt\u2019s part\u00adners are proud to have supported some of the best foun\u00adders and compa\u00adnies in the indus\u00adtry. Elemen\u00adt\u2019s mission is to support bold foun\u00adders who are deve\u00adlo\u00adping the finan\u00adcial tech\u00adno\u00adlogy of tomorrow.<\/p>\n
\nForce Over Mass Capi\u00adtal is an FCA-regu\u00adla\u00adted venture capi\u00adtal firm focu\u00adsed on early-stage tech\u00adno\u00adlogy invest\u00adments in the UK and Europe. The company invests in B2B inno\u00adva\u00adtions in four verti\u00adcals: Fintech, Arti\u00adfi\u00adcial Intel\u00adli\u00adgence, SaaS and Indus\u00adtry 4.0. Force Over Mass opera\u00adtes both seed and scale-up funds to support early-stage compa\u00adnies on their growth journey.<\/p>\n
\nThe venture capi\u00adtal fund was estab\u00adlished to drive inno\u00adva\u00adtion in the finan\u00adcial indus\u00adtry. VR Ventures invests in early-stage start\u00adups in the Euro\u00adpean FinTech and PropTech sectors, as well as in inno\u00adva\u00adtive digi\u00adtal solu\u00adti\u00adons for small and medium-sized enter\u00adpri\u00adses. Many of VR Ventures\u2019 inves\u00adtors are part of the Volks\u00adban\u00adken Group. VR Ventures lever\u00ada\u00adges this unique network and exper\u00adtise to support its port\u00adfo\u00adlio compa\u00adnies beyond the finan\u00adcial. The fund manage\u00adment of VR Ventures and the VC firm Reds\u00adtone work toge\u00adther as one team.<\/p>\n
\nThe seed inves\u00adtor High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) finan\u00adces tech\u00adno\u00adlogy start-ups with growth poten\u00adtial. With a volume of around EUR 900 million spread across three funds and an inter\u00adna\u00adtio\u00adnal part\u00adner network, HTGF has supported more than 650 start-ups since 2005. His team of expe\u00adri\u00aden\u00adced invest\u00adment mana\u00adgers and start-up experts supports the young compa\u00adnies with know-how, entre\u00adpre\u00adneu\u00adrial spirit and passion. The focus is on high-tech start-ups in the fields of digi\u00adtal tech, indus\u00adtrial tech, life scien\u00adces, chemis\u00adtry and rela\u00adted busi\u00adness areas. More than EUR 3.5 billion in capi\u00adtal has been inves\u00adted in the HTGF port\u00adfo\u00adlio by exter\u00adnal inves\u00adtors in more than 1,800 follow-on finan\u00adcing rounds to date. In addi\u00adtion, the fund has alre\u00adady successfully sold shares in more than 150 companies.<\/p>\n