AMNIS expands in Europe thanks to successful financing round
The Zurich-based start-up AMNIS simplifies currency exchange and international payments for small- and medium-sized companies. To offer the service throughout Europe in the future, AMNIS secured the necessary capital in a Series-A financing round.
The financing round was realised with Spicehaus Swiss Venture Fund as lead investor. The parties have agreed not to disclose the amount of the financing or the terms of the investment. The additional capital will be invested in particular in the EU market entry and the expansion of the team required to reach this goal.
«We are pleased to have reached an important milestone for AMNIS with this financing round. Our goal is to gain a foothold in other core markets as quickly as possible with our solution. With Spicehaus, we have not only brought an exciting investor on board, but also a lot of entrepreneurship.», says Michael Wüst, CEO of AMNIS. «We are very convinced of the market potential of the solution and are looking forward to accompanying AMNIS on its further path.» adds Teddy Amberg, partner at Spicehaus Partners AG.
Focus on customer growth in Germany, Austria and Italy
The company is now planning to expand into Europe in 2020. The first step will be to focus on the countries bordering Switzerland. Michael Wüst comments: «Our solution has proven itself with more than 400 Swiss corporate clients and we are pleased to offer European companies easy access to currency trades and our digital risk management solution from this year onwards».
AMNIS was founded in Zurich in 2014 and has been active in the Swiss market since the beginning of 2016. The fintech company offers SMEs a webapp for currency transactions, risk management, and international payments. In addition to flexible hedging options, free transfers are available in over 20 currencies. In the last financial year, AMNIS Treasury Services was able to more than double the volumes settled via the platform and process almost half a billion CHF for SMEs.
Spicehaus Partners AG is a Swiss Venture Capital Investor. Behind Spicehaus are the two founders Teddy Amberg and Daniel Andres. Together, they have more than 25 years of experience in institutional business (Partners Group, BNP Paribas). Moreover, they have founded and assisted in the establishment of companies as entrepreneurs themselves. Teddy Amberg co-built the Swiss fintech start-up CreditGate24, now the largest Swiss peer-to-peer lending platform. Daniel Andres co-founded the trading company dakuro. So far, the two partners have invested in 20 start-ups and were involved in some of the biggest Swiss exits: MOVU (bought by Baloise) and Bexio (bought by Mobiliar). Spicehaus Partners AG acts as investment advisor for the Spicehaus Swiss Venture Fund. The fund invests in Swiss start-ups that are driving digitalisation.