Banxware raises four million euros

When Miriam Wohlfarth announced that she was founding a new fintech, expectations were high: four months after its launch, Banxware has now raised four million euros.

Fintech Banxware is only four months old, and now it's getting €4 million in a first round of funding. Leading the round are UK venture capitalist Force over Mass and VR Ventures. High-Tech Gründerfonds and several business angels are also involved.

Banxware is a SaaS loan provider for digital platforms. It checks the merchant in the background so that a loan can be disbursed very quickly. "With us, platforms can offer loans and within 15 minutes the customer has the money in the bank. That is a new record time that has not yet been seen on the market," says Miriam Wohlfarth, founder of Banxware. A partner for a corresponding loan has already been found: Vereinigte Volksbank Raiffeisenbank is providing 100 million euros.

The Berlin-based start-up announced that it will soon offer bank cards and other financial services. It also plans to expand its business across Europe. "We have been following Banxware's development over the past few months and have been very impressed with the team's ability to successfully build and launch the platform in such a short time and in such a challenging market environment," said Timo Fleig, managing director VR Ventures.

In addition to Wohlfarth, Jens Röhrborn, Fabian Heiss and Nicolas Kipp are on the startup's founding team.