finleap connect raises €22 million
Berlin-based banking service provider finleap connect has raised €22 million in its first funding round since its merger in 2019. The Series A round is led by SBI Investment, along with participation from Ilavska Vuillermoz Capital, a Luxembourg-based fintech investor.
finleap connect was founded in 2019 from the merger of fintech platforms figo, finreach solutions and infinitec solutions. finleap connect’s full-stack platform enables its partners to connect to more than 3,600 banks across Europe through a single API, processing over 65 million transactions per month. The company’s offerings enable customers to analyze transactional data, integrate insights with their end-customer interactions and ‘easily’ embed financial services.
The focus of finleap connect’s future strategy is to enable a rapid roll-out of its entire product portfolio to other European markets. This will involve expanding connectivity across Europe with a special focus on Spain and Portugal, supporting the international growth of its customers. Alongside, finleap connect will further develop its value added services, enhancing the use of financial data and targeting new market segments.
“The consistent development of our market-leading product portfolio in the DACH region has created a strong foundation for us and our 360 customers. With the new funding, we are ideally positioned to expand across Europe. This funding round and the participation of the new high-caliber investors is a key milestone as we realize our vision to generate a pan-European banking platform.” – Frank Kebsch, CEO of finleap connect.
“The open banking revolution continues to reshape entire industries, reinventing the customer experience with enriched financial transaction data. We are thrilled to support finleap connect as the company builds on its leadership in DACH to expand across Europe with a differentiated “full stack” platform, enabling enterprises of all sizes to participate in the revolution.” – Yoshitaka Kitao, Representative Director & Chairman of SBI Investment.
