Zurich-based fintech AMNIS Treasury Services (amnis) has completed its Series B funding round, securing CHF 10M (approximately €10.70M) to support its growth. The round was led by Swisscom Ventures, with participation from existing investors, including Lansdowne.
The round also includes a CHF 2M non-dilutive debt agreement with Swiss growth capital investor Lendity. This funding structure expands amnis’ capital sources and provides flexibility for its working capital needs.
Michael Wüst, co-founder and CEO of amnis, says, “We deliberately chose an investor structure that aligns with our long-term strategy. With Swisscom Ventures, we are writing a new chapter in our company’s history. The involvement of such a prominent representative of the tech market confirms the strength of our platform and our readiness for the next phase.”
In the future, the company’s focus is on growth and profitability. “The cooperation with Swisscom Ventures is the next logical step in this direction,” adds Wüst.
A banking account for global banking
Founded in 2014 by Michael Wüst, Robert Bloch and Philippe Christen, amnis focuses on global transaction banking for SMEs, offering currency exchange, cross-border and local payments, real-time transfers, and local accounts in Switzerland, Germany, Great Britain, and the US. Its multi-currency debit cards facilitate global expense management.
The company has expanded its services by improving its platform, accelerating digital onboarding, and launching a mobile banking app in 2024. Over the past year, payment volume has more than doubled, driven by demand for its debit card and expense management features.
Capital utilisation
The funding supports amnis’ growth in existing markets and expansion into new ones. It also facilitates the integration of accounting systems and ERP functionalities from third-party providers, enhancing amnis’ fintech ecosystem.
amnis serves over 3,000 companies across 35 countries. The company plans to expand into additional European markets and enhance its offerings with e-commerce solutions, more accounting integrations, and embedded card solutions.
Rafael Karamanian, Founder of Lendity, says, “We are thrilled to support amnis in their next phase of growth. With strong traction, a loyal customer base and a top-tier team, amnis is set to grow its reach and drive further innovation.”
Semih Kaçan adds, “amnis has built a strong foundation in the SME fintech space, addressing a real market need with its multi-currency solutions and its scalable proprietary infrastructure. We see significant growth potential and are excited to support the team in scaling their embedded financial ecosystem across Europe.”
New Board Member appointments
Amnis has announced changes to its Board of Directors as part of its strategic evolution. Peter Gerlach has been appointed as President of the Board, bringing leadership experience to support the company’s growth.
Semih Kaçan, Investment Director at Swisscom Ventures, joins as a new Board member to contribute to the fintech’s strategic direction.
Co-founders Robert Bloch and Philippe Christen will step down from the Board but will continue in their roles as COO and CFO, respectively.
Brief about the investors
Swisscom Ventures manages $650M in investment funds for Swisscom and institutional investors, focusing on minority stakes in Swiss and international startups. Since 2007, it has invested in over 80 startups and exited nearly 40 profitably after an average of six years.
Lendity is a Swiss-based provider of growth capital for the tech industry, enabling growth-stage companies to access debt financing without requiring equity dilution. Founded in 2018, Lendity has invested more than CHF 100 million to date. By bridging the funding gap for scale-ups, Lendity supports capital-efficient growth and empowers founders to maintain control over their businesses.
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