A Zurich-housed Fintech company has raised $40 million with the support of investors including Hosef Ackermann.
The recent funding round has placed the company’s valuation at more than $1 Billion. The valuation has made it a name in the list of Fintech unicorns that are operating globally.
Numbrs offer an application that allows users to manage all of their bank accounts in one place and buy financial products from inside the application. And all in all, 50+ families and individuals have invested in the organization actively.
The Fintech agency was able to generate the funds mainly by focusing on the private investors. “Venture capital and private equity funds tend to have less patience. They get nervous when it takes longer for a startup to earn money,” Chief Executive Officer Martin Saidler said in an interview.
The investment round is a peek into how ripe the Fintech industry is from the investors perspective and how innovations are rewarded by the sector in no time.
This is one of the reasons why the domain is constantly seeing a rise in entrepreneurs entering the Fintech industry to change the shape of how economics happen, globally.
Numbrs Funding History
May 15, 2013: Raised $7,700,000 / Series A from Centralway Ventures
September 10, 2013: Raised CHF3,800,000 / Series A from Centralway Ventures
May 1, 2018: Raised $27,000,000 / Series Unknown from Marius Nacht and OCCIDENT
While the intent behind the previous funding was to seek growth within the company, the recent round is more focused on cementing Numbrs plan to enter market beyond its home nation, Zurich. The company is aiming to expand its geographical footprint globally in the coming time, something that is poised to increase the demand for sound Fintech app development companies.