Munich-based fintech startup, Banxware, has successfully raised EUR 15 million in its Series A funding round.
The funding round was led by FinTech Collective, an early-stage venture capital firm with a special focus on fintech companies. Existing investors High-Tech Gründerfonds and Speedinvest also participated in the round, along with several other prominent angel investors.
Banxware provides scalable, modular banking infrastructure solutions for e-commerce platforms, allowing them to offer their customers white-label banking and payment services seamlessly integrated into their own platforms.
By raising EUR 15 million in this funding round, Banxware aims to further expand its product offerings and accelerate its international expansion plans. The additional capital injection will contribute to strengthening the company’s technical resources, as well as expanding its sales and marketing efforts.
CEO and co-founder of Banxware, Sven Coppersmith, expressed his excitement about the funding round, stating, “This investment will allow us to enhance our technology to meet the ever-evolving needs of the e-commerce industry. With our scalable solutions, we can democratize banking and significantly improve the offerings of online merchants.”
Banxware’s innovative approach to banking infrastructure has garnered significant attention within the fintech industry. The startup’s platform enables e-commerce companies to integrate fully-licensed, compliant banking and payment services into their platforms easily, providing their customers with a seamless user experience.
The company, founded in 2020, has already made significant strides in the market, partnering with numerous e-commerce platforms to deliver banking and payment services. The successful funding round positions Banxware as a key player in the fintech sector and will undoubtedly facilitate its ongoing growth.
With the rapid growth of e-commerce and the increasing demand for simplified banking solutions, Banxware is well-positioned to capitalize on the market’s potential. This latest funding round sets a solid foundation for the company to expand its services globally and revolutionize the way businesses handle their financial transactions.