4 million euros for Open Banking platform NDGIT.

Munich, 26 April 2018

• NDGIT opens banks and insurers up for digital business models via APIs
• Joint investment from Capnamic Ventures as lead investor and PROfounders as international partner in London
• NDGIT plans international expansion and further development of its technology

NDGIT offers banks and insurers an Open Banking platform that enables them to connect to new business models and to share data in accordance with PSD2. With 4 million euros of fresh capital from Capnamic Ventures (Germany) and PROfounders (UK), the software company has the means to further accelerate its growth. This will primarily involve expanding the team and advancing product development.

The Series A financing is led by Capnamic Ventures (www.capnamic.com), which is joined by London-based VC PROfounders (www.profounderscapital.com). The existing investors, Dieter von Holtzbrinck Ventures and Business Angels, are also participating in this financing round.

Technology to help banks go digital

Explaining the motives for the investment, Capnamic Partner Jörg Binnenbrücker says: “NDGIT defines the interface between banks and digital partners, thus enabling a whole range of new business models for FinTechs, banks and insurers. NDGIT won us over with its rapid growth and the market potential for APIs and new technologies at banks and insurance firms.”

NDGIT enables banks to open themselves up for digital partners using Open Banking APIs and PSD2 solutions. Its customers include the Swiss bank Hypothekarbank Lenzburg and Germany’s Bank für Sozialwirtschaft. In addition, NDGIT offers companies with digital business models, such as mobile.de, the chance to establish their own banking processes and to easily connect to banking systems.

Investment in growth and product development

NDGIT will step up its European growth, expand the team to 50 employees and systematically expand its product portfolio.
Oliver Dlugosch, Founder and CEO of NDGIT, says: “In Capnamic we have gained a leading investor with experience in the FinTech and InsurTech sectors. In light of the common PSD2 Directive and international Open Banking developments, the investment by PROfounders Capital provides further proof of NDGIT’s European market relevance. With the support of our partners, we intend to accelerate our growth and keep on driving NDGIT’s development into a market-leading Open Banking platform in Europe.”

About NDGIT GmbH
NDGIT GmbH stands for Next Digital Banking and provides the first API platform for banking and insurance. It connects banks and FinTech companies with digital ecosystems. This technology enables banks to open themselves up to digital partners with open banking APIs and PSD2 solutions. In this way, the NDGIT FinTech platform forms the technological backbone for new applications and IT landscapes in banking and insurance.
In 2017 NDGIT implemented the first open banking system for Switzerland and was honoured with the Euro Finance Tech Award 2017 for the best co-operation between a bank and FinTech.

About Capnamic Ventures
Ventures Capnamic Ventures (www.capnamic.com) is one of Europe’s leading early-stage Venture Capital firms, with offices in Berlin and Cologne. The VC invests most of its funds in tech startups in the German-speaking region. Capnamic also joins forces with international coinvestors. All portfolio companies are supported through Capnamic’s global network of investors and industry partners. The vast expertise of the Capnamic team includes more than 70 investments, a high turnover of successful trade sales and IPOs, as well as a strong entrepreneurial track record within the investment team. The general partners are Jörg Binnenbrücker (@bibrue), Olaf Jacobi (@olafjacobi) and Christian Siegele.

About PROfounders
PROfounders Capital is a London-based, early-stage venture capital firm backed by successful entrepreneurs. The fund’s aim is to invest in and support new businesses with capital plus proactive advice and expertise in order to create long-term value and promote entrepreneurism. PROfounders investments include Made.com, Unity, GetYourGuide, onefinestay (acquired by Accor), Wundertax, Tweetdeck (acquired by Twitter), and others.

About Dieter von Holtzbrinck Ventures
Dieter von Holtzbrinck Ventures (DvH Ventures) is one of the leading early-stage investors in Europe. It invests in tech start-ups that develop disruptive products and services – from FinTech, InsurTech and Big Data to art and culture, from professional training to mobile advertising. As an independent venture capital fund, DvH Ventures invests not only with capital, but with management support and the extensive reach of the publishing heavyweights Handelsblatt, WirtschaftsWoche, Tagesspiegel and DIE ZEIT. The Managing Partners of DvH Ventures are Peter Richarz and Fabian von Trotha.