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Swiss fintech firm Numbrs hits unicorn status after $40M funding round

Swiss financial technology company Numbrs AG raised $40 million in its latest funding round, pushing its valuation above $1 billion to become the latest European unicorn, Bloomberg News reported Aug. 22.

The investment brings the total capital invested in the company to around $200 million, Numbrs CEO Martin Saidler told Bloomberg News in an interview.

Numbrs provides an application for users to access their bank accounts. The firm said that new and existing investors participated in the latest funding round, but declined to reveal their names, Bloomberg said.

It previously identified ex-Deutsche Bank CEO Josef Ackermann as one of its more than 50 investors, the newswire added.

Numbrs, founded in 2012, launched its application in Germany in 2014 and aims to make the U.K. its second main market from 2020, Saidler said, adding that the company will look to expand to other European countries after that.