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Banxware

Revenue-based loan platform for SMEs

21-100 employees
  • Fintech
  • B2B
  • Lending
  • Financial Services
  • SaaS
Government District, Berlin, BE

Company mission

To bring revenue-based financing for merchants and SMBs to company platforms.

Led by a woman

10% employee growth in 12 months

Otta's take

Sam Franklin headshot

Sam Franklin

CEO of Otta

Banks would typically fund very few fintechs, but BaaS has allowed revolutionary banking products to offer financial services without the infrastructure of a bank. The development of open banking, a step further past BasS, enacted regulations that would give any business consumer data, to allow fintechs to now provide services and products that previously only banks could own. Most notable of these offerings are embedded financial services.

Banxware is the first company to offer fully digitalised embedded financial services, a type of tech that allows for the efficient integration into any kind of platform to provide businesses with financial services within the business interface. This allows any kind of online platform, including marketplaces and payment providers, to offer bank-like services, covering funding, trading, payments, loan management, and bank account maintenance. This closes the gap that exists between fintechs and digital platforms with established banks by putting the customer first.

Companies like Banxware are essential for banks to be able to modernise and digitalise their services to serve a much wider customer base. Having raised multiple funding rounds and securing a strategic partnership with PAYONE (a market leader of payment services) in 2022 and more recently with Agicap (a liquidity management and financial planning platform), Banxware looks to be continuing the expansion of its service offerings.

Benefits

  • Participation in our share options programme
  • Our team stands out: here, you will get to work with a team of seasoned industry experts that still strive to learn every day
  • By joining us as an early employee, you will have unrivalled autonomy and ownership of engineering at Banxware
  • The tools you need to do your job: your choice of laptop, operating system, productivity software and desk set-up
  • Potential to grow into a senior role as we continue to extend our team quickly
  • Pet-friendly office
  • Team events for a strong team feeling
  • Flat hierarchies through direct collaboration with our founders

Company values

  • Integrity - We stand up for what we believe in. We ensure our reliability, consistency, and highest level of integrity by showing commitment to our performance
  • Think big and deliver results - We think big, start small, but learn fast. We take ourselves a step back and remind ourselves of the big picture. We are ambitious and believe in showing and doing
  • Ownership - We take accountability for our actions. We take initiative, fulfill responsibilities and take ownership of what we do, beyond expectations
  • Respect and kindness - We consider and care about the impact our actions have on others. We are a diverse and inclusive company. Our communications embody truth, respect, and kindness
  • Customer obsession - We build our products for the platform customer’s optimal user experience. Our priority is to provide top-quality products and services that make a difference to their lives and businesses
  • Winning together - We work together as equals in cross-functional teams, striving to deliver our brand promise to customers on a daily basis. Everything we do is to win together

Funding (last 2 of 3 rounds)

Nov 2023

$16.1m

SERIES A

Jan 2022

$10.8m

SEED

$31.2m

Total funding

Founders

Fabian Heiß

(Co-Founder & Chief Product Officer)

Previously a Board Consultant at PSD Bank, Senior Venture Developer at FinLeap, and Senior Partner and Product Manager at Infitec Solutions.

Jens Roehrborn

(Co-Founder)

Held roles as a board member at PPRO Group, Quarters Co-Living, and ORS Group. Mentored at Techstars. Currently a partner at Röhrborn LLP.

Miriam Wohlfarth

(Co-Founder & Co-CEO)

Currently a member of the presiding committee at Bitkom, a partner at PBA Experts, and executive board member at the German Startups Association. Also the founder and current managing director of Ratepay.

Nicolas Kipp

(Co-Founder & Managing Director)

Held roles as a Senior Consultant at Berg Lund & Co, an external expert at Deutscher Bundestag, and chief risk officer at Ratepay. Currently a board member of payments, banking, and fintech at BITKOM.