figo Raises Funding

figo GmbH, a Hamburg, Germany-based banking service provider, completed a financing round of undisclosed amount.

Backers included High-Tech Gruenderfonds (HTGF), Carlo Koelzer, founder of professional e-trading platform 360T, and Joerg Heilig, Vice President of Engineering at Google.

The company will use the funds to strengthen its German market position and to expand into Europe.

Led by André M. Bajorat, CEO, and Heiko Rahlfs, CFO, figo delivers a SaaS-based banking service through a proprietary API, which integrates with third-party systems, allowing clients to link their products and services to over 3,100 banks and other financial service providers.



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