Dwins, a Frankfurt, Germany-based fintech startup, raised approx. €1 in funding.
Deutsche Bank made the minority investment securing a 25% stake in the company.
Co-founded by Alexander and Benjamin Michel, Dwins provides Finanzguru, an Artificial Intelligence driven mobile app designed to help Deutsche Bank’s clients better plan their finances and optimize individual customer requirements, including contracts, debits and financial issues of all kinds.
Since 2015, the company is based at the Deutsche Börse FinTech Hub in Frankfurt with seven out of 10 employees. Since then, Dwins has benefited from synergies with the Deutsche Börse Venture Network such as the support with introductions to potential investors as well as with product feedback and user testing.