Berlin-based fintech startup Banxware has raised €4M in its Seed round of funding led by venture capital firms Force over Mass and VR Ventures. This is the first external capital the fintech has raised.
Other investors in this round
Additionally, several fintech pioneers from the payments and SME lending space have also joined the initiative. These include HTGF – a public-private venture capital investment firm based in Bonn, JanKaniess and Carl Frederic Zitscher, the founders of Payone, Alex Urdea, Principalat Upper90, a New York City-based debt and equity fund, as well as PaulaBlazquez Solano, Principal at Innocells, the venture arm of Banco Sabadell in Spain.