# awamo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/awamo

- Industry: Software
- Headquarters: Frankfurt, Germany
- Website: www.awamo.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Jun 9, 2017)
- Investors on record: 2

## About

awamo GmbH is a financial technology company that provides innovative solutions for microfinance institutions, enhancing their operational efficiency through data-driven insights and technology.Founded in 2015, awamo GmbH is based in Frankfurt, Germany, and specializes in providing technology solutions for microfinance institutions. The company has undergone strategic pivots to enhance its operational focus. Founded by Benedikt Kramer, who has experience in the fintech sector, awamo GmbH raised EUR 2 million in Seed funding on June 9, 2017, from DEG and elea Foundation for Ethics Globalization, bringing its total amount raised to EUR 2 million with a current valuation of EUR 24.755 mn.awamo GmbH offers a suite of technology solutions designed for microfinance institutions, enabling them to optimize their operations and enhance client services. Their platform includes tools for data management, reporting, and analytics, aimed at improving financial inclusion and operational efficiency within the microfinance sector.The company generates revenue through a subscription-based model, providing its technology platforms to microfinance institutions. This pricing strategy creates a steady revenue stream linked to the number of clients utilizing their services, further supported by partnerships that may enhance their offerings and reach within the market.With the recent Seed funding of EUR 2 million raised in June 2017, awamo GmbH plans to enhance its product offerings and expand into additional markets in Africa and Southeast Asia by 2025. The funding will primarily be utilized to develop new technological features for its platform and to scale operations in targeted regions, aiming to increase access to financial services for underserved populations.

## Funding rounds

- Seed, Jun 9, 2017, $2.2M — DEG, elea

## Investors

- DEG — Seed
- elea (https://capitalatlas.ai/funds/elea) — Seed