Aufinity Secures $26M Series C Funding Led by BlackFin for Innovative Automotive Payments Platform
Aufinity Group, a prominent FinTech focused on digital payment solutions for the automotive industry, has successfully secured $26 million in a Series C funding round. This financing will further enhance its capabilities in payment management and expand its market presence across Europe.
Series C Funding Details
The recent funding round was spearheaded by BlackFin Capital Partners, a European private equity firm that primarily invests in financial services and FinTech sectors. Noteworthy existing investors, including PayPal Ventures and Seaya Ventures, also took part in this round, following their involvement in Aufinity’s Series B funding last year.
Growth and Expansion Plans
Aufinity Group has established itself as a leading platform for payment management in the automotive sector. The company provides white-label digital solutions tailored for car dealers and original equipment manufacturers (OEMs). Its platform facilitates:
- Seamless payment processes across vehicle sales
- Efficient after-sales transactions
- Faster transaction speeds
- Improved liquidity
- Enhanced customer experience
The newly acquired funds will be instrumental in supporting Aufinity’s ambitious expansion plans throughout Europe and forging strategic partnerships with leading OEMs. Interestingly, this funding round was initiated earlier than anticipated due to a surge in international demand and rapid growth in overseas operations.
Leadership Insights
Lasse Diener, CEO and co-founder of Aufinity, expressed enthusiasm about the new funding, stating, “With this round, we are focusing on accelerating our growth across Europe even further. By establishing new strategic partnerships with leading OEMs and maintaining our commitment to dealerships, we aim to set a new industry standard across Europe.”
Investor Perspectives
Maxime Mandin, managing director at BlackFin Capital Partners, noted, “We have been closely monitoring Aufinity for a couple of years and are impressed by the team’s execution skills. Their recent international expansion success influenced our decision to invest in supporting their European growth.”
Alexandros Bottenbruch from PayPal Ventures commented on the team’s performance, stating, “Since our initial investment, Aufinity has scaled their platform volume effectively and successfully expanded into after-sales and new markets, including Iberia and Italy. Continuing our support was a natural progression.”
Seaya Ventures partner, Aris Xenofontos, added, “We are thrilled to further support Lasse and the team in this next phase of growth. Their ability to capture strong demand in international markets like Spain and Italy has been impressive.”
For more information on Aufinity Group and its innovative solutions, visit their official website at Aufinity Group.
