UnitPlus has closed a new financing round of 4.7 million euros, led by the UK-based VC Pact and the Liechtenstein-based FinTech investor Seed X. The round also included contributions from other VCs, prominent business angels, and existing investors, such as Ewor founder Daniel Dippold, Alexandros Bottenbruch of PayPal Ventures, the Dr. Giesen Family Office, and former German Justice and Economic Affairs Minister Brigitte Zypries.
As reported by industry media like Börsen-Zeitung, Finance Forward and Startbase, UnitPlus Business has successfully attracted a double-digit million figure of corporate liquidity within the first ten weeks after its market launch. This trust from our clients and support from new investors highlight the potential of UnitPlus Business and drive us to continually enhance our product. Until these raised funds are actively deployed, we invest them in UnitPlus Business.
Monik Pham, Partner at Pact, emphasized this potential: “The growth financing is compelling evidence of our efforts to deliver real innovation and added value in the capital market for both individuals and businesses. With UnitPlus Business, companies in particular—who earn minimal interest on their bank and call money accounts—can achieve returns that are consistently aligned with the European Central Bank’s key interest rate, which averaged 3.68% over the past 12 months. Thanks to strong customer confidence and the resulting growth in recent months, we were able to complete a successful financing round in a challenging environment, which will fuel further expansion of UnitPlus.”
Fabian Mohr, co-founder and CEO of UnitPlus, adds to this: “The growth financing is compelling evidence of our efforts to deliver real innovation and added value in the capital market for both individuals and businesses. With UnitPlus Business, companies in particular—who earn minimal interest on their bank and call money accounts—can achieve returns that are consistently aligned with the European Central Bank’s key interest rate, which averaged 3.68% over the past 12 months. Thanks to strong customer confidence and the resulting growth in recent months, we were able to complete a successful financing round in a challenging environment, which will fuel further expansion of UnitPlus.”
New funding to develop UnitPlus Business to the first virtual capital markets CFO for SMEs
The new funds will drive growth and development of UnitPlus Business, with the goal of providing the world’s first comprehensive software solution that serves as a virtual capital markets CFO for companies. The platform’s upcoming advancements will help companies make optimal allocation decisions, regardless of the interest rate environment, and therefore ultimately boost profitability. Some new features that UnitPlus Business clients can expect on the early path to becoming the first virtual capital markets CFO include:
Enhanced Cash Flow Forecasting: Understanding capital needs is essential for making better and more precise investment strategies, thereby maximizing returns.
New Investment Products: We will work on expanding cash management solutions so that companies can tailor investments to their needs, leveraging the best options available.
Finally, we’d like to thank our clients and investors for their trust and we look forward to taking the next steps together, making cash-management more profitable for the SME sector.