A Swiss startup becoming a fintech unicorn is proof of the industry's growing global impact:
Bloomberg. The latest investment brings Numbrs' total raise to date to almost $200 million, CEO Martin Saidler told the outlet.Notably, in contrast to many of its peers, Numbrs has joined the unicorn club not by focusing on venture capital and private equity funding, but instead by relying mostly on individuals and families — 50 have invested in the company thus far.
The startup integrates with a slew of banks already and has signed up a big insurance provider for its marketplace. Itto support integrations with over 3,500 banks, including Commerzbank and Deutsche in Germany, as well as HSBC and RBS in the UK. It's also secured a number of big-name players for its financial marketplace, having signed distribution agreements with insurance giants Allianz and AXA. And its offering appears to have gone down well with consumers, as the app's been downloaded overNumbrs' largest market is Germany, but it's aiming to make the UK its second-biggest market. It wants to achieve this by next year and also plans on expanding to other European markets, according to Saidler cited by Bloomberg.
having already established themselves in the country for some time now. As such, the startup's success in the country remains to be seen.Numbrs' entry into the fintech unicorn club is evidence of how globally distributed the biggest fintech players are becoming. That a Swiss startup has become the latest fintech unicorn is proof of the fintech industry's growing global impact. For instance, so far this year, Brazil's Nubank has
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