Centralway Numbrs, the Switzerland-based online financial product aggregator backed by media company ProSiebenSat.1, has raised $55m from investors including sovereign wealth fund Investment Corporation of Dubai (ICD), TechCrunch reported yesterday.
Although the precise amount has not been confirmed by the company, a source told TechCrunch the total amount raised by Numbrs is now $125m, and the company had previously received $70m in funding.
Numbrs operates an online platform that enables users to manage their bank accounts. It recently launched an online store offering a range of financial products from different banks, allowing customers to set up personalised agreements through the app.
The company’s service is responsible for the management of more than 1.5 million bank accounts in Germany and it plans to imminently launch in the UK.
The company was incubated by internet services company builder Centralway and launched in 2013 with $7.7m before its parent company added another $3.8m later in the year.
SevenVentures, the corporate venturing arm of ProSiebenSat.1, provided an undisclosed amount for Numbrs in 2014 through an ad-for-equity deal but its majority shareholder is Saidler & Co, the family office of Centralway founder and CEO Martin Saidler.