Numbrs, the developer of a mobile banking platform and € 10 billion in managed assets, has raised $40 million at a valuation of more than $1 billion according to an article published on Bloomberg.net.
Over the last years, Numbrs has attracted a number of prominent investors, including the Sovereign Wealth Fund of Dubai (ICD), Sir Ronald Cohen (co-founder of APAX Partners) and Pierre Mirabaud (founding family of Mirabaud Private Bank). Over the last three years, the startup has also established a strong Israeli shareholder base; among the leading names are Marius Nacht (co-founder and Chairman of the largest company in Israel), Leon Recanati, Shlomo Nehama, Israel Makov and Boaz Barack.
According to an article on Bloomberg based on an interview with CEO Martin Saidler the Zurich-based company has raised an additional $40 million at a valuation of m0re than $1 billion. The fintech company is the newest member of the Swiss unicorn club joining GetYourGuide, MindMaze or Sportradar.
Numbrs’ platform enables customers to manage their existing bank accounts and personal finances and cooperates with 3500 banks in Germany including the Deutsche Bank Group. The banking app has many useful functions, like the Analysis feature with automatic spending categorisation or The Money Store with its exclusive offers as an easy and fast way to apply for the best financial products on the market. In July Numbrs announced that it has reached the milestone of €10 billion assets managed with the app.
(Press release/SK)
Photo: Numbrs
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