Listen to this articleBelow is our recent interview with Jens Roehrborn, CEO & Founder of Banxware:
Q: What is Banxware?
A: Banxware is a software provider for Embedded Financial Services that enables digital platforms such as marketplaces, payments providers, POS providers, and other aggregators to offer white label financial products, especially loans to their merchants – fully digital and integrated. We ensure small businesses can thrive in a digital world and can tap into every source of funding possible – even future revenues.
Q: What is your core competence?
A: Our core competencies are the end-2-end white label solution to enable embedded lending, the advanced risk management and the instant credit decision with revenue-based lending model.
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Q: Who would be your ideal client and why?
A: A platform/ marketplace/ payment provider seeking to offer their clients all kinds of banking products to give them the opportunity to bank with the brand they love.
Q: You’ve recently raised 4 Million in Seed funding round; can you tell us something more?
A: We have raised EUR 4 million in a seed round led by London-based Force over Mass and VR Ventures, who both have a great track record of successful fintech investments.
Fintech pioneers from the payments and SME lending space have joined the initiative, including: HTGF, a public-private venture capital investment firm based in Bonn, Jan Kaniess and Carl Frederic Zitscher, the founders of Payone, Alex Urdea, Managing Partner at Upper90, a New York City-based debt and equity fund, CJ Lanktree, Partner at Solus Alternative Asset Management, a New York City-based investment advisor, as well as Paula Blazquez Solano, Head of investments at a CVC of one of the largest banks in Spain.
Prior to the Funding, in December, we already reached an agreement with our first banking partner Vereinigte Volksbank Raiffeisenbank eG (VVRB), and are now fully operational on the lending side. Together, we are in a position to start lending to platform merchants. In our initial setup, VVRB made a loan facility of EUR 100 million available for flexible working capital loans to SMEs, which will be intermediated through Banxware and its associated digital platforms and marketplaces. The fully digital loan application developed by Banxware is used in this process, which enables corporate customers to provide all the necessary information within 15 minutes and receive a real-time commitment and payout.
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Q: What can we expect from Banxware in next 12 months?
A: We will use the investment to develop and grow our embedded white label financial services offering and our team, as well as expand sales to digital platforms across Europe.
Furthermore, we will soon offer card-based products and other financial services, complementing its existing lending solution to business customers of platforms.
Last Updated on May 2, 2021
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