# FinTecSystems

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

- Industry: Financial Services
- Headquarters: Munich, Germany
- Website: www.fintecsystems.com
- Total disclosed funding: $5.2M
- Latest round: Series B (Oct 27, 2017)
- Investors on record: 5

## About

FinTecSystems GmbH is a Munich-based financial technology firm specializing in API-driven solutions that enhance payment processing and banking experiences for businesses and consumers in Europe.Founded in 2014, FinTecSystems GmbH develops innovative financial technology solutions focused on facilitating real-time account verification, credit scoring, and payment initiation. The company has raised a total of EUR 4.50 mn through a Series B funding round led by Reimann Investors, with participation from Littlerock and Ventech. They have completed 4 deals to date, with the most recent deal occurring on May 18, 2021. The company operates from its headquarters in Munich, Germany, and its founder's prior entrepreneurial background is not documented.FinTecSystems offers a comprehensive suite of financial technology solutions aimed at enhancing payment processing and banking experiences for both consumers and businesses. Their core product revolves around an API-driven platform that enables seamless access to bank account information, facilitating real-time account verification, credit scoring, and payment initiation services for clients including banks, fintech companies, and e-commerce platforms across Europe.In the most recent financial year of 2023, FinTecSystems reported revenue of EUR 1,174.70 mn, while their EBITDA for the same period was EUR -48,076,819. This revenue model relies on subscription services and transactional fees associated with their technology solutions, establishing long-term B2B relationships with clients.FinTecSystems plans to expand its offerings by introducing new products aimed at enhancing user experience and incorporating advanced security features in its API solutions. The company is targeting expansion into additional European markets by the end of 2024, focusing on regions where it can leverage its existing technology. The Series B funding, raised in May 2021, will be utilized to support these growth initiatives and to continue serving existing customers in the DACH region as part of Tink AB following its acquisition.

## Funding rounds

- Series B, Oct 27, 2017, $5.2M — Ventech, Littlerock, Reimann Investors
- Series A, Aug 9, 2016 — Ventech, Heilemann Ventures, MenschDanke Capital, Littlerock
- Seed, Nov 4, 2015 — Heilemann Ventures, MenschDanke Capital

## Investors

- Heilemann Ventures — Seed, Series A
- MenschDanke Capital (https://capitalatlas.ai/funds/menschdanke-capital) — Seed, Series A
- Ventech (https://capitalatlas.ai/funds/ventech) — Series A, Series B
- Littlerock — Series A, Series B
- Reimann Investors (https://capitalatlas.ai/funds/reimann-investors) — Series B