Fintech Etvas raises one million euros

With the cashback service developed, customers can receive money back after their purchase. This has now convinced an international investor.

The start-up Etvas receives one million euros. The capital comes from the US investor ff Venture Capital (ffVC). The start-up intends to use the new investment to expand its team and further develop its products.

Etvas offers cashback services, i.e. bonus programs for banks and insurance companies. Customers can get money back from purchases. "They receive cashback on purchases that they would have made anyway, thus compensating for the current rising prices due to the current supply chain problems," says Sören Timm. He founded Etvas together with Ilie Ghiciuc in 2019. In addition to traditional banks, the start-up now also wants to increasingly cooperate with neobanks. The Zurich-based fintech Clanq will soon be offering Etvas' cashback products.

The start-up is also investing the new funding in its marketing. To this end, the company has hired Judith Buhr as its new Director of Marketing and Partnership. She brings with her industry knowledge from the IT industry and the banking and insurance sector. "With Judith's expertise and network, we are ideally positioned in terms of personnel to attract further new partners for Etvas in addition to important premium partners such as Felyx," says Timm.