Bonify eyes European expansion with new investment
Berlin-based fintech, Bonify aims to accelerate its growth in Europe following new undisclosed investments from Experian Ventures and Santander InnoVentures, reports Jane Connolly.
DN Capital and other existing investors also participated in the round.
Now with more than 500,000 users, Bonify helps people to check their credit score free of charge and access financial management tools to help optimise their situation.
With investors’ support, Bonify aims to become one of Europe’s largest fintech companies.
“Experian’s investment shows that we are on the right track,” says Bonify CEO and founder, Dr Gamal Moukabary. “It rewards our achievements and our unique value proposition. Experian is an ideal investor and partner for us to support the next growth phase. Our goal is to expand our operations into other European countries.”
Charles Butterworth, managing director of Experian UK, Ireland and EMEA, adds: “We are excited by the way Bonify is helping people in Germany understand, engage with and improve their credit scores. We look forward to supporting the team as an investor and partner in their future growth.”
Bonify will also use the new funding to develop its product offering.
