Findependent Is Now Financing Itself on Two Tracks

Findependent has raised 1.5 million from existing investors for its investment app – a further 2 million are expected to come through crowd investing.

We have already described a notable “feature” of Findependent in our last story: startups and FinTechs with increasing customer numbers often also increase their own team in order to meet growing demands, while Findependent remains modest in this regard.

The startup appears to be frugal with investor money. Findependent has always had a small crew – currently, the FinTech is tackling its challenges and tasks with just seven team members.

Findependent growth financing of CHF 1.5 million

This restraint also seems to have been well received by existing investors, who have provided Findependent with growth financing of 1.5 million Swiss francs.

The startup emphasizes that Findependent has remained independent of any bank or other company throughout all financing rounds.

Roland Brack , on board as an investor since 2021, explains his current commitment with the following statement:

“I am still impressed by Matthias’ team. They work with passion and dedication to make the benefits of investing accessible to everyone.”

The investors are apparently also satisfied with the startup’s growth. The FinTech is not growing by leaps and bounds, but has been growing steadily and solidly since its launch in 2021. Findependent now serves more than 12,000 customers via its investment app. The assets under management amount to 110 million francs.

Findependent expects another 2 million francs through crowdinvesting

Findependent is launching a crowdinvesting campaign next July. Customers will then be able to invest not only with Findependent, but also in Findependent. And with their investment, they will become shareholders in their investment app.

Matthias Bryner , CEO and founder of Findependent, explains: “We want to involve our customers even more closely on our journey and at the same time fulfill a wish that has been expressed many times.”

Numerous Swiss fintech companies have already bet on crowdinvesting and have in some cases raised considerable sums. Fintech companies and neo-banks with successfully completed crowdinvesting campaigns include Neon, Inyova, Lend, Relai, Selma and others.

Findependent will launch its own campaign on July 1, 2024. Initially for three days with an exclusive subscription period for existing customers. Afterwards, investors from the wider public will also be welcome as investors and shareholders until mid-July.

Findependent wants to raise at least 2 million francs through the crowd investing campaign. With the fresh capital, the FinTech wants to expand its products, further develop the app and position itself accordingly for future growth steps.

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(Featured image by Stephen Leonardi via Pexels)

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