Press release
4 million euros for Open Banking platform NDGIT
NDGIT management team
- Joint investment from Capnamic Ventures as lead investor and PROfounders as international partner in London
- NDGIT plans international expansion and further development of its technology
Munich – 25 April 2018: NDGIT (https://nextdigitalbanking.com) offers banks and insurers an Open Banking platform that enables them to connect to new business models and to share data in accordance with PSD2. With 4 million euros of fresh capital from Capnamic Ventures (Germany) and PROfounders (UK), the software company has the means to further accelerate its growth. This will primarily involve expanding the team and advancing product development.
The Series A financing is led by Capnamic Ventures (www.capnamic.com), which is joined by London-based VC PROfounders (www.profounderscapital.com). The existing investors, Dieter von Holtzbrinck Ventures and Business Angels, are also participating in this financing round.
Technology to help banks go digital
Explaining the motives for the investment, Capnamic Partner Jörg Binnenbrücker says: “NDGIT defines the interface between banks and digital partners, thus enabling a whole range of new business models for FinTechs, banks and insurers. NDGIT won us over with its rapid growth and the market potential for APIs and new technologies at banks and insurance firms.”
NDGIT enables banks to open themselves up for digital partners using Open Banking APIs and PSD2 solutions. Its customers include the Swiss bank Hypothekarbank Lenzburg and Germany’s Bank für Sozialwirtschaft. In addition, NDGIT offers companies with digital business models, such as mobile.de, the chance to establish their own banking processes and to easily connect to banking systems.
Investment in growth and product development
NDGIT will step up its European growth, expand the team to 50 employees and systematically expand its product portfolio.
Oliver Dlugosch, Founder and CEO of NDGIT, says: “In Capnamic we have gained a leading investor with experience in the FinTech and InsurTech sectors. In light of the common PSD2 Directive and international Open Banking developments, the investment by PROfounders Capital provides further proof of NDGIT’s European market relevance. With the support of our partners, we intend to accelerate our growth and keep on driving NDGIT’s development into a market-leading Open Banking platform in Europe.”
About NDGIT GmbH
NDGIT GmbH stands for Next Digital Banking and provides the first API platform for banking and insurance. It connects banks and fintech companies with digital ecosystems. This technology enables banks to open themselves up to digital partners with open banking APIs and PSD2 solutions. In this way, the NDGIT fintech platform forms the technological backbone for new applications and IT landscapes in banking and insurance.
In 2017 NDGIT implemented the first open banking system for Switzerland and was honoured with the Euro Finance Tech Award 2017 for the best co-operation between a bank and fintech.
About Capnamic Ventures
Ventures Capnamic Ventures (www.capnamic.com) is one of Europe’s leading early-stage Venture Capital firms, with offices in Berlin and Cologne. The VC invests most of its funds in tech startups in the German-speaking region. Capnamic also joins forces with international coinvestors. All portfolio companies are supported through Capnamic’s global network of investors and industry partners. The vast expertise of the Capnamic team includes more than 70 investments, a high turnover of successful trade sales and IPOs, as well as a strong entrepreneurial track record within the investment team. The general partners are Jörg Binnenbrücker (@bibrue), Olaf Jacobi (@olafjacobi) and Christian Siegele.
About PROfounders
PROfounders Capital is a London-based, early-stage venture capital firm backed by successful entrepreneurs. The fund's aim is to invest in and support new businesses with capital plus proactive advice and expertise in order to create long-term value and promote entrepreneurism. PROfounders investments include Made.com, Unity, GetYourGuide, onefinestay (acquired by Accor), Wundertax, Tweetdeck (acquired by Twitter), and others.
About Dieter von Holtzbrinck Ventures
Dieter von Holtzbrinck Ventures (DvH Ventures) is one of the leading early-stage investors in Europe. It invests in tech start-ups that develop disruptive products and services – from FinTech, InsurTech and Big Data to art and culture, from professional training to mobile advertising. As an independent venture capital fund, DvH Ventures invests not only with capital, but with management support and the extensive reach of the publishing heavyweights Handelsblatt, WirtschaftsWoche, Tagesspiegel and DIE ZEIT. The Managing Partners of DvH Ventures are Peter Richarz and Fabian von Trotha.
NDGIT GmbH
Andreas Laufert
andreas.laufert@ndgit.com
Mobil: +49 179 108 93 50
https://nextdigitalbanking.com
Capnamic Ventures
Sebastian Schüller
sebastian@capnamic.com
Mobil: +49 170 648 38 76
https://capnamic.com/
PROfounders
Sean Seton-Rogers
sean@profounderscapital.com
https://www.profounderscapital.com/
DvH Ventures
Mark Philip Harré
harre@dvhventures.de
Mobile: +49 174 281 3757
http://www.dvhventures.de
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 4 million euros for Open Banking platform NDGIT here
News-ID: 1031716 • Views: …
More Releases for Venture
S Venture Capital Advisors: Investment Intelligence
S Venture Capital Advisors invests across a diverse field of market places and industry sectors within a global forum. The specific type and / or location of each investment opportunity is of no relevance to our in house experts. Our main objective is simple and based on risk verses reward ratios, any move or recommendation made by ourselves to our clients on this basis ensures them consistent returns and, in…
SEMIKRON and drivetek form joint venture
SKAI power electronic system matched with motor control software for vehicles
Nuremberg, 28 February 2011 – Semikron further strengthens its presence in and dedication to the electric and hybrid vehicle market by forming a 50/50 joint venture with drivetek, a development specialist for innovative electrical drives and control technology. The joint venture, SKAItek GmbH, will provide innovative motor control software optimized for the newest generation of SKAI 2 IGBT and MOSFET…
Hypo Venture Capital - Socially Responsible Investing
Do good while making money: A guide to socially responsible investing
Here at Hypo Venture Capital we are committed to offering our clients access to the latest and broadest range of financial services and products on the market. We know that choosing the right strategy, the right investment and the right product is no easy task in this day and age! Whether its advice, investments or financial planning we are…
CleanTech Venture Capital Interest
Keynote speaker to share the vision for CleanTech and Venture Capital Funding at EngEx 2010
SAN DIEGO – CleanTech start-ups are grabbing increased interest and investments from venture capital groups that placed almost $2 billion into eco-friendly companies last year and increased the funding pace with another $773 million during the first quarter of 2010. Clean energy business owners and industry professionals attending EngEx 2010 will hear more about the…
Sep. 5th Venture Capital Event
(EMAILWIRE.COM, July 31, 2007)- New York - Argyle Executive Forum is pleased to present its 2007 Leadership in Venture Capital Forum. The event, to take place in Manhattan, will bring together 135–150 CEOs & Board members of public and private large cap and mid cap corporations, complementary areas of executive leadership (CFOs & COOs), members of the endowment, foundation, and family office community, select advisory firms, and select founders /…
European Venture Market ICT 2006
European Venture Market ICT 2006
4th – 6th October 2006
Potsdam, Germany
www.europeanventuremarket.com
The European Venture Market is a platform to facilitate the meeting of entrepreneurs and investors. It is a platform for any kind of financing with focus to equity. Giving the wide variety of investors joining the platform the Market is suitable for any sectors especially for ICT & related as the platform will be organise by Hasso Plattner Ventures.
The European…
