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Well-Known Ex-Bankers Invest in Fintech Company Unitplus
The German fintech company Unitplus launched its Flexplus product earlier this year, which consists of short-dated European government bonds. With this, the start-up wants to offer an alternative to overnight money and thus, according to its own statements, integrates government bonds into international payment transactions for the first time.
Berlin-based fintech company Unitplus has attracted several new investors from the top management of the German banking scene for follow-up financing. Among others, Martin Zielke, former board member of Commerzbank, and former Berenberg co-owner Claus-Günther Budelmann are among the investors. Two venture capital companies, Exxeta Ventures, and Material Ventures, have also joined the company.
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Ex-Flossbach equity analyst is the managing director
In total, Unitplus raised a seven-figure sum, which will be used in particular for further product development, the IT platform, and growth. Unitplus was founded in early 2021 by the founding trio Fabian Mohr, Kerstin Schneider, and Sebastien Segue. Managing Director Mohr was an equity analyst at Flossbach von Storch before founding Unitplus.
Among the fintech’s seed investors is Henning Gebhardt. The fund manager, formerly a member of the executive board at DWS and Berenberg, supports the company as an advisor on capital market-related issues.
Unitplus wants to establish “Neo Asset Managament”
The company calls its business segment “Neo Asset Managament”. Unitplus aims to establish a platform for short- and long-term capital market investment that is more integrated into everyday life than traditional asset management and money investment solutions. Account, payment, and investment are to be more connected and managed via an app.
The fintech company launched its Flexplus product earlier this year, which consists of short-dated European government bonds. With this, the start-up wants to offer an alternative to overnight money and thus, according to its own statements, integrates government bonds into international payment transactions for the first time. Savers should thus benefit from the changing interest rate environment in a comparatively low-risk way and at the same time have the flexibility to pay worldwide with the invested money.
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(Featured image by Hunters Race via Unsplash)
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