Zurich FinTech Amnis Raises CHF 10M Series B Funding to Accelerate Global Expansion
Zurich-based FinTech amnis has recently made headlines by securing CHF 10 million in a Series B funding round to enhance its services in simplifying cross-border finance for small and medium-sized enterprises (SMEs). This strategic investment aims to support its plans for further growth and expansion in the financial technology landscape.
Funding Details and Investors
The Series B funding was spearheaded by Swisscom Ventures, with notable participation from Lansdowne Investment Company Ltd. and Lendity. Lendity contributed CHF 2 million through a non-dilutive debt agreement, showcasing confidence in amnis’s innovative approach to financial solutions.
Goals of the Funding
- Streamline international transactions for SMEs
- Reduce operational costs
- Automate accounting processes
Growth Trajectory and Market Expansion
Over the past year, amnis has experienced remarkable growth, with its payment volume more than doubling. This surge has been driven by an increased demand for its debit card and expense-tracking solutions, which cater specifically to the needs of SMEs.
With the newly acquired capital, amnis plans to:
- Expand into new markets across Europe
- Enhance its ecosystem by integrating third-party accounting and enterprise resource planning (ERP) systems
- Develop new e-commerce and embedded financial solutions
Leadership Changes
In conjunction with the funding announcement, amnis has made significant changes to its Board of Directors. Peter Gerlach has taken on the role of president, while Semih Kaçan joins as a board member. Co-founders Robert Bloch and Philippe Christen will continue to serve as COO and CFO, respectively, ensuring stability in leadership during this period of growth.
Amnis’s Global Reach
Currently, amnis serves over 3,000 businesses across 35 countries. The company’s participation in the Venture Leaders FinTech programme in 2022 was instrumental in shaping its growth trajectory. CEO Michael Wüst emphasized the importance of such programs for networking and innovation, stating, “Programs like these provide invaluable opportunities to connect, grow, and innovate—helping us accelerate our mission.”
Looking Ahead
As amnis continues to innovate in the embedded finance sector, it remains committed to enhancing its offerings for SMEs. The company is poised for further expansion and development, ensuring that it remains a key player in the fintech industry.
For more information about amnis’s services and innovations, visit their official website at amnis.com.
