Swiss banking app Numbrs has raised an additional $40m at a valuation of more than $1bn, giving the company status of ‘unicorn’.
With the latest funding, the company has raised a total investment of around $200m. Last year, Numbrs raised $27m in a Check Point Software Technologies-led funding round.
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Numbrs’ existing shareholders as well as new investors participated in the latest round, reported Bloomberg.
However, Numbrs Personal Finance CEO Martin Saidler did not divulge the names of the companies.
The fintech launched its services in 2014. It offers an app that allows customers to manage all their existing bank accounts from one platform. The offering allows the users to receive a comprehensive picture of their financial status.
In a blog post, Numbrs said: “We started our story in 2014 and since then, we have been enabling our users to manage all their bank accounts under a single application, and apply for financial products such as bank accounts, credit cards, loans and insurances directly within the app.”
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By GlobalDataNumbrs plans to use the latest funding to support its expansion as it plans to grow its footprint outside its main market Germany.
The fintech now aims to expand its services to the UK, as its second core market, as eventually to other European nations.
However, Saidler told the publication that it has no plans to expand its business to the US.
