Swiss fintech amnis has successfully closed a Series-A funding round of CHF 8.6 million
AMNIS Treasury Services AG (amnis), a Zurich-based fintech founded in 2014 with the goal of reshaping international banking for SMEs, announced the closing of a Series-A investment round of CHF 8.6 million. The funding round, led by Lansdowne Partners, will enable further market expansion and product development.
Amnis provides SMEs with an international banking solution to transfer money abroad, exchange currencies and collect payments on a single cost-effective platform. Committed to transparency and efficiency, the platform focuses on the needs of SMEs, giving them the opportunity to enter the global economy with a competitive edge. 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 allows amnis to strengthen the company’s main assets and to further expand into new markets across Europe.
Lansdowne Partners, as lead investor, 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.”
Amnis was founded in 2014 by Michael Wüst (CEO), Robert Bloch (COO) and Philippe Christen (CFO) to facilitate international business for SMEs, a sector with huge potential that they believe is underserved by traditional banks. To meet its high ambitions, amnis constantly improved its core product, fast-tracked the digital onboarding and added local and multi-currency IBAN accounts to its product portfolio. Thanks to this successful financing round, amnis will start 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.
Amnis, a fintech company founded in Zurich in 2014, brings global transaction banking to SMEs across Europe and provides solutions beyond traditional bank offerings. In addition to currency exchange and cross-border as well as local payments, clients can make free, real-time transfers around the clock to suppliers overseas within their own PEER network. To facilitate SMEs’ international business even further, amnis recently launched a new feature that enables companies to receive payments in 20+ currencies with virtual IBAN accounts in their own name.
Amnis currently serves more than 2,000 companies from over 25 countries and is, thanks to its payment institution license and recent funding round, on a strong growth trajectory. As part of the company’s first phase of expansion in Central and Eastern Europe, business activities have already been rolled out in Germany, Austria, the Czech Republic, Poland, and Italy.