# Cringle

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

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.cringle.net
- Latest round: Seed (Nov 7, 2013)
- Investors on record: 1

## About

Cringle is a financial technology company that provides innovative solutions for secure payment transactions, enabling users to send and receive money easily. They focus on enhancing user experience in digital finance.Cringle operates as a financial technology provider specializing in digital payment solutions. Established with an aim to streamline money transfers, the company is headquartered in Berlin, Germany. In October 2015, Cringle secured EUR 0.80 mn in funding from WeltN24 GmbH and individual investors. The company has closed a total of 5 deals, with its most recent deal occurring on October 31, 2016. Cringle's current valuation stands at EUR 6.214 mn.Cringle offers a platform that simplifies money transfers between users, emphasizing user-friendly interfaces and secure transactions. Their service includes peer-to-peer payment solutions, allowing individuals to send and receive funds seamlessly, which is particularly beneficial for those looking for quick and efficient financial transactions. The geographical markets served by Cringle primarily include Germany and other German-speaking regions, aligning with their user base demographic.Cringle generates revenue through transaction fees associated with their payment services, providing a direct channel for monetization as users engage with the platform for their financial needs. This revenue structure enables Cringle to maintain and enhance its digital payment solutions while fostering user engagement.Cringle plans to leverage its recent funding of EUR 0.80 mn, raised in October 2015, to expand its product offerings and enhance its technology infrastructure. The company is focused on developing new features for its payment platform, aiming for a rollout by late 2023. Additionally, Cringle is considering geographic expansion into other European markets, targeting countries such as Austria and Switzerland by 2024 to broaden its user base and market presence.

## Funding rounds

- Seed, Nov 7, 2013 — M12

## Investors

- M12 (https://capitalatlas.ai/funds/m12) — Seed