German lending provider Banxware has secured a new investment from international banking group UniCredit as part of its latest equity round.
Thanks to the new funding, the fintech can focus on improving its services for platforms in Germany and the Netherlands who offer financing to SME business customers.
Some of the platforms that Banxware works with include Worldline (Payone), JustEat Takeaway (Lieferando), Qonto, SumUp, Agicap, and others.
The investment comes as part of the UniCredit Unlocked objective, where the bank seeks to directly invest into companies that provide an influx of digital capabilities and deploy innovative business models that accelerate their targets achievement.
Fiona Melrose, Head of Group Strategy & ESG at UniCredit, said: “This investment underlines our ambition to further enhance the Group’s technological and digital drive to the benefit of our customers.
“With Banxware’s financing solutions we can broaden our lending proposition and complement our existing offering for SME clients, also gaining access to a new customer base.
“Partnerships of this kind, that could be extended to other geographies, always offer opportunities to exchange ideas, learn from each other and jointly develop new areas of business.