OptioPay increases Series B funding

Eos Venture Partners, ABVentures and Seed X Liechtenstein are new investors in the round,  joining existing backers  including NN  Group  n.V.,  Avaloq  Ventures, Main Incubator and management.

Berlin, 4. May 2021 – OptioPay has increased its Series B round, originally closed in September 2020, by additional € 5.75  million  to  €11  million. The funding will go  to development  and marketing of the company’s three core open banking products: the customer-centric white label platform for value-added services and recommendations  based  on  customer’s  bank  account data; the data-insights portal for enterprise clients; and the bank account data-driven campaign manager for advertisers.

"Recommendations and value-added services based on bank account data have really sparked a  revolution. Banks, insurers,  retailers  and the media industry have  embraced this platform-based data strategy to their competitive advantage. Those who do not leverage the power of open banking as part of their value chain will suffer the consequences”, says CCO Nicola Breyer. 


"Demand for open banking services has grown rapidly as data-driven digitization continues to sweep across Europe. We will invest our additional capital to further serve the growing demand from  businesses  and customers  for our "data  for  good"  solutions.  We empower customers  to both own and share their data responsibly and enable them to realise the full value of their data by nudging smarter and more responsible consumption. Too often, customers hand over their data without  an  adequate reward  in  return.  OptioPay’s products  have  changed  that,  for  the benefit of both, businesses and their customers”, adds CEO Marcus Börner.



"Open banking will transform insurance customer journeys to provide customers with more relevant products at the moment of need. OptioPay is perfectly positioned to help insurers and corporate partners capitalise on the opportunity through their platform. OptioPay convinced us with its unique  portfolio of data-driven campaigns and integration capabilities for customised insurance products, which creates a strategically valuable customer engagement opportunity, particularly for insurances. As an experienced and specialist insurance venture capital fund, we will support OptioPay for further international market penetration within the insurance industry," means Carl Georg Bauer-Schlichtegroll, Founding Partner of Eos Venture Partners.