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.
“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”, commented CEO Marcus Börner.