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 US investor ff Venture Capital (ffVC). The start-up plans 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 could thus get money back from purchases. "They get cashback on purchases they would have made anyway, 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 wants to cooperate more with neobanks. For example, the Zurich-based fintech Clanq is soon to offer Etvas' cashback offers.

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 industry knowledge from the IT industry and the banking and insurance sectors. "With Judith's expertise and network, we are optimally positioned in terms of personnel to win further new partners for Etvas in addition to important premium partners such as Felyx, for example," says Timm.