Heyfina closes financing round

Wednesday 20 October 2021 09:00 CET | News

Germany-based fintech Heyfina has announced closing a financing round which included venture capital company Atlantic Labs and Visionaries Club.

The fintech is developing an investment app specifically aimed at women. Atlantic Labs fund has invested in the company and now holds almost a quarter of the company. Heyfina will soon be launching its app. Users can begin investing with as little as EUR 1 and their money is protected by the conditions of the German DGS up to EUR 100,000.

The company also uses bank level 256-bit TLS encryption to protect users’ personal information. The company aims to build a community for financial education of women and also to link it with investments themselves. Heyfina partners with BaFin-licensed and regulated companies to achieve this. Additional investors include startup accelerator Tiny Fund and UK-based seed-stage venture capital fund Seedcamp.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: investment, expansion, mobile banking, BaFin, fintech
Categories: Banking & Fintech
Countries: Germany
This article is part of category

Banking & Fintech