€1.1 million for B2B fintech Bavest

Want to optimize your investment decisions? Find out how Bavest is using its technology and €1.1 million in funding to make previously undiscovered data sets accessible and enable intelligent decisions in the investment process!

Frankfurt - Germany-based B2B fintech Bavest Technologies GmbH has successfully closed a €1.1 million funding round. The round was led by a renowned group of investors and is expected to help Bavest accelerate its growth and solidify its position as a provider of AI-based financial infrastructure for businesses.

We are proud to have experienced investors from the fintech and asset management sectors on board.

Ramtin Babaei, Co-Founder Bavest

Bavest was founded in 2019 by Pedram Babaei, William Todt and Ramtin Babaei. Originally launched as a B2C fintech, the transition to a B2B model took place at the end of 2022. Bavest's core infrastructure provides companies with access to a wide range of financial data as well as alternative data such as sentiment data, ESG and climate data.

The investors

The latest funding round reflects investors' confidence in Bavest's vision and potential to improve financial management and data analytics for businesses. Investors include Christian Trummer, founder and Chief Scientist of Bitpanda, as well as rezooM Capital, Nautic Ventures, Jens Rehwinkel and Dieter Staib. Senior managing directors and partners of renowned financial services consultancies as well as representatives from the banking and fintech sector also support the company.

This funding will enable us to accelerate our product development, expand our sales activities and strengthen our position as a provider of financial infrastructure for businesses."

Pedram Babaei, co-founder and CFO of Bavest

William Todt, Co-Founder and CTO of Bavest, emphasized the importance of their technology:"Our technology opens up new dimensions in the investment process. It enables our clients to make intelligent decisions that were previously out of reach."

The funds from the financing round will be used to scale Bavest's technology platform and expand the team to meet growing demand. Bavest will continue to work closely with its customers to develop solutions that meet their individual needs.