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May 2, 2018

European banking app Numbrs raises additional $27m

Swiss banking app Numbrs has raised an additional $27m in a funding round that was led by Check Point Software Technologies co-founder and chairman Marius Nacht.

Following the latest round of funding, Numbrs has raised a total of $152m, reported Reuters.

A data-driven asset management firm, Numbrs operates as a personal financial services institution.

The company has aggregated €7.2bn in assets on its platform, as of 2018. It is said to have added more than €1bn in the last quarter of 2017 alone.

Numbrs enables its customers to receive a comprehensive picture of their financial status by providing all details in one platform including their various bank accounts, savings and personal finances.

The company is also cooperating with major banking institutions such as Deutsche Bank Group in order to offer better investment options to its customers.

Investment firm Saidler & Co, owned by Numbrs founder Martin Saidler, is the majority stakeholder of this banking app.

Multiple European and Israeli investors as well as the Investment Corporation of Dubai have invested in Numbrs.

Currently, Numbrs employs around 100 people and intends to establish a research and development unit in Israel, reported Times of Israel.

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