Amnis provides SMEs with an international banking solution to transfer money abroad, exchange currencies, and collect payments on a single cost-effective platform. With their solution, amnis co-founders Michael Wüst (CEO), Robert Bloch (COO) and Philippe Christen (CFO) aimed to facilitate international business for SMEs, a sector with huge potential that they believe is underserved by traditional banks. To meet its high ambitions, the Zurich-based Fintech startup constantly improved its core product, fast-tracked the digital onboarding and added local and multi-currency IBAN accounts to its product portfolio.
During the last 12 months, the company entered 5 new countries, opened 3 additional offices in Vaduz, Vienna and Prague and tripled the size of its team. Moreover, the platform’s payment volume has dramatically increased by more than 100% compared to last year.
The new investment funding of CHF 8.6 million allows amnis to strengthen the company’s main assets and to further expand into new markets across Europe. The startup will start a business in France, Slovakia, and the Benelux market by the end of 2022 and will provide more services to SMEs, including invoicing, debit cards and E-commerce solutions.
Lead investor Lansdowne Partners is an investment management firm that aims to foster European technology innovation through its investments. Spicehaus Partners, who led the previous funding round, acted as co-lead investor. Daniel Andres, Co-founder and Partner at Spicehaus Partners, commented: “I believe that amnis is the best example of Swiss innovation and expertise, ready to expand internationally with an outstanding service portfolio tailor-made for SMEs.”
Michael Wüst, Co-founder and CEO of amnis, said: “We are delighted that our existing investors as well as a globally renowned investment manager contributed to the success of this financing round. The investment enables us to boost international growth further and to bring our global transaction banking solution to even more SMEs across Europe. We have already rolled out business activities in 6 countries. This funding round gives us the confidence that we can replicate our business model in other markets as well.”