Fintech startup Etvas receives one million euros from American investor
Via a digital platform, the Hamburg-based fintech startup Etvas enables financial services companies to offer their customers additional services. To further expand the business, it has now received one million euros in a new round of financing from U.S. investment firm ff Venture Capital (ffVC).
This is the second round of millions for the startup. At the beginning of 2021 it already received a seven-digit amount from High-Tech Gründerfonds, main incubator, Sparkasse Bremen and Plug and Play. The first investor ever was the Hamburg-based Next Commerce Accelerator, which included Etvas in its funding program in 2020.
Experienced founders behind Etvas
The fintech was founded in December 2019 by Ilie Ghiciuc and Sören Timm. Both brought many years of experience to their company. Ghiciuc, a computer scientist, as a serial founder and IT expert, Tim through his work in management positions in the banking sector. Among other things, he developed additional products for financial service providers that go beyond the pure core business and serve customer retention and acquisition.
The current financing is intended to further expand the offer and the customer base. In addition to traditional banking houses, neobanks are also increasingly cooperating with Etvas. What’s more, the fintech is also making progress in terms of personnel. Judith Buhr, Director Marketing & Partnerships, has recently taken charge of intensifying marketing activities. She is a specialist in digital marketing and contributes cross-industry expertise.
