Figo raises seven-digit sum from HTGF et al.

The new backers are Carlo Koelzer, the founder of e-trading platform 360T, and Joerg Heilig, vice president of engineering at Google.

The fresh capital will be used to further develop the product, hire new staff, gain new partners and to expand into other European countries.

Previous funding
In May 2013, HTGF provided €500,000 in seed financing to Fido.

Company
Founded in 2012 and based in Hamburg, Figo is a banking service provider. The company's application programming interface integrates with third-party systems, allowing clients to link their products and services to banks and other financial services providers. Figo claims that its SaaS platform connects services with more than 50 million online banking accounts.

People
André Bajorat is CEO of Figo. Stefan Wendel is a senior investment manager at HTGF.

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