# NDGIT

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

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.nextdigitalbanking.com
- Total disclosed funding: $5.8M
- Latest round: Series A (Apr 26, 2018)
- Investors on record: 4

## About

NDGIT GmbH is a Munich-based company specializing in innovative financial technology solutions that enhance digital banking experiences for both consumers and businesses.Founded in 2015, NDGIT GmbH focuses on transforming digital banking through its comprehensive platform. The firm has successfully completed 3 deals, with the latest being a Series A funding round where it raised EUR 4.000 mn, leading to a current company valuation of EUR 17.142 mn. The CEO and founder, Oliver Dlugosch, has a rich history in financial technology ventures. As of November 16, 2023, NDGIT was acquired by Crastorehill, a portfolio company of Finch Capital, from its previous investors, which included Capnamic and Dieter von Holtzbrinck Ventures.NDGIT GmbH provides a digital banking platform that integrates financial services, including online account management, digital payment processing, lending solutions, and personalized financial planning tools. The company's offerings cater to tech-savvy individuals, small to medium-sized enterprises, and financial institutions, with a market presence extending across Europe and Asia.The company generates revenue through subscription-based services and transaction fees associated with its banking platform. Clients pay a monthly fee for premium features, while transaction fees contribute to a steady income stream from digital payments and lending services. The pricing structure supports both B2C and B2B segments, enhancing user experience and driving revenue.With the recent acquisition by Crastorehill, NDGIT GmbH plans to expand its product offerings and geographic reach, particularly in big data and artificial intelligence. The integration with Crastorehill is expected to enhance their capabilities and open new markets. The acquisition will leverage the existing Series A funding to support these growth initiatives, focusing on expanding into additional European and Asian markets by the end of 2024.

## Funding rounds

- Series A, Apr 26, 2018, $4.8M — PROfounders Capital, Capnamic, Dieter von Holtzbrinck Ventures
- Seed, Feb 27, 2017, $1M — Sud Beteiligungen, Dieter von Holtzbrinck Ventures

## Investors

- Sud Beteiligungen (https://capitalatlas.ai/funds/sud-beteiligungen) — Seed
- Dieter von Holtzbrinck Ventures (https://capitalatlas.ai/funds/dieter-von-holtzbrinck-ventures) — Seed, Series A
- PROfounders Capital (https://capitalatlas.ai/funds/profounders-capital) — Series A
- Capnamic (https://capitalatlas.ai/funds/capnamic) — Series A