Nuri expands Series B funding round to € 24 million
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The fintech raises an additional € 9 million and continues its dynamic growth trajectory.
Existing investor Coparion participated in the expansion of the financing round, DIP Capital joined as new investor.
Berlin, 28. June 2021 – Nuri has grown rapidly in recent months and now has over 250,000 customers in 32 countries. The number of employees has increased by around 40 percent since the beginning of the year. With this dynamic development, the company was able to convince existing as well as new shareholders and has now expanded it’s Series B round by € 9 million to € 24 million.
Existing investor Coparion and two new investors, among them DIP Capital, are participating in the expansion. DIP Capital is a venture capital firm established in 2018, founded and led by Riccardo Cirillo. DIP's first €40 million fund is investing in European digital champions, from Series A onwards.
"With great pleasure we can observe that we’ve been able to strengthen the trust of our existing investors and attract the interest of new shareholders. The expansion of our Series B round proves that we are on the right track with our vision to make innovative financial products accessible to a broader audience. With the additional investment, Nuri is perfectly set up to successfully continue its dynamic growth trajectory of the past months," says Nuri CEO Kristina Walcker-Mayer.
"Today's banks fail to provide intuitive and competitive investment solutions. It has never been more complicated to proactively take control of one’s own financial future. Led by an outstanding, visionary and enthusiastic team, Nuri is driving financial transformation like no other fintech in the market, leveraging new technologies to solve proven customer problems and to make finance more simple as well as more inclusive." says Valentina Bocca, Investment Director at DIP Capital.
Nuri offers a full German bank account with access to cryptocurrencies, digital assets and blockchain-based financial services. The fintech company works with Solarisbank AG, which provides the banking infrastructure, and Solaris Digital Assets GmbH for cryptocurrency custody.
Nuri empowers people to save and grow money and achieve their personal financial freedom. With the mobile bank account, Nuri customers can manage their daily finances and invest their assets in a simple way. To provide legally compliant financial services, Nuri collaborates with Solarisbank AG and Solaris Digital Assets GmbH. Nuri enables its customers to benefit from new types of financial technology and the blockchain economy by bridging the gap between the old and new financial systems. With Bitwala, customers can invest in cryptocurrency directly from a bank account and earn up to 5% annual return on Bitcoin. The fintech empowers customers to benefit from new financial technology by being the bridge between the old and new financial system.
Based in Berlin, Germany's second-largest challenger bank, now serves over 200.000 customers across 32 European countries. Nuri was founded in 2015 under the name Bitwala by Jan Goslicki, Benjamin Jones and Jörg von Minckwitz. Christoph Iwaniez, Philipp Beer and Kristina Walcker-Mayer joined the management team since then. The total team presently consists of more than 100 employees. Bitwala’s investors include Earlybird Venture Capital, coparion, Global Brain and Sony Financial Ventures, G1, High Tech Gründerfonds, ALSTIN, DIP Capital and the Digital Currency Group.