Fintech startup OptioPay secures €7m seed funding

Investors include firms Auden, Berlin Ventures, DvH Ventures, Main Incubator and Nord LB. The company intends to use the funds to continue to expand its operations and to implement its growth strategy.

Previous funding
It is the third seed funding round raised by the German startup. In December 2014, and subsequently in August 2015, OptioPay was the recipient of seed funding rounds of undisclosed amounts.

Company
Based in Berlin, OptioPay is a fintech startup developing a payment services software for marketing payouts, enabling companies to convert payments such as payrolls, payouts in insurance and other monetary claims into products, services or vouchers from various vendors with increased value for the beneficiary.

The company currently services 100 brands, including Adidas, Zalando and various banks, as well as insurance, aviation and railway companies. 

It was co-founded by COO Oliver Easter and CEO Marcus Börner in 2014, and has a 30-strong international team.

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• Topics
• Expansion
• DACH
• Technology
• Germany