Register for The Paypers news Follow The Paypers on LinkedIn! Follow The Paypers on Twitter! Follow The Paypers on Facebook! Follow The Paypers on Google+!
The Paypers, paypers, Insight in payments, News, Reports, Events
Online & Mobile Banking

Hamburg fintech figo gets Deutsche Börse funding

Wednesday 23 November 2016 | 02:12 PM CET

DB1 Ventures has participated in a Series B financing round for figo, a Hamburg-based fintech company, investing a seven-digit amount for a significant minority stake.

As a result, figo raised EUR 6.8 million in total in the current financing round. figo is a banking service provider that offers clients and partners various products and services within the context of the amended Payment Services Directive 2 (PSD2), in addition to the Banking API. The fintech has established itself as a reliable partner and has built up a fantastic fintech ecosystem around itself.

DB1 Ventures is the Corporate Venture Capital arm of Deutsche Börse Group and is more than a financially involved investor, but a strategic partner to figo. With the funds from the Series B financing round, the fintech plans to push ahead with the internationalization of the company and further expand their products around PSD2 and other regulatory requirements.

Print | Contact editor | Mail
© 2017 The Paypers
More: Abstract | Link