# figo

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

- Industry: Financial Services
- Headquarters: Hamburg, Germany
- Website: www.figo.io
- Total disclosed funding: $12M
- Latest round: Series B (Nov 23, 2016)
- Investors on record: 4

## About

Figo GmbH, based in Germany, provides innovative digital banking solutions. The company specializes in API platforms that facilitate seamless financial operations for businesses and developers.Figo GmbH is a digital banking firm founded in 2012 in Hamburg, Germany, specializing in API solutions for financial services. The company has undergone strategic shifts and raised funding through notable rounds, including a Series B round where it secured EUR 6.80 mn in March 2017, led by DB1 Ventures. Its founder, Hans-joerg Dohrmann, has a history of entrepreneurial endeavors, contributing to the company’s innovative trajectory.Figo offers a robust suite of digital banking and financial services designed to enhance customer experiences and streamline financial operations. The company's core product is its API platform, which enables businesses and developers to integrate banking functionalities directly into their applications. This platform supports a range of end-use cases, including personal finance management, account aggregation, and seamless payment processing. Figo primarily serves financial institutions, fintech companies, and other businesses looking to innovate their financial offerings across Europe, with notable presence in markets such as Germany, France, and the Netherlands. By delivering scalable solutions that address the complexities of modern banking, Figo empowers its clients to meet evolving customer expectations.In 2021, Figo reported a revenue of EUR 8,642,948.60 and an EBITDA of EUR -8,828,687.10. The company generates revenue through a subscription model, where clients pay for access to its API and associated services. Businesses can opt for tiered pricing plans based on usage levels, which may include transaction volume and specific features utilized. The company’s partnerships with various financial institutions and fintech companies enable it to establish a strong B2B revenue stream.Figo plans to leverage its recent funding from the Series B round in March 2017 to enhance its API offerings and expand its market reach. The company is focused on developing new features for its platform and exploring opportunities in additional European markets, aiming to launch new products by 2023. Recent investments will support these initiatives, allowing Figo to strengthen its competitive position and drive future growth.

## Funding rounds

- Series B, Nov 23, 2016, $7.2M — DB1 Ventures
- Series A, Nov 3, 2015, $4M — High-Tech Gruenderfonds
- Seed, May 13, 2013, $0.7M — High-Tech Gruenderfonds
- Seed, Dec 10, 2012, $0.1M — ACME Capital, xminus Partners

## Investors

- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Seed
- xminus Partners (https://capitalatlas.ai/funds/xminus-partners) — Seed
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series A
- DB1 Ventures (https://capitalatlas.ai/funds/db1-ventures) — Series B