German fintech Aufinity raises $26m in Series C funding
The German fintech Aufinity Group today announces the successful completion of a Series C funding of $26m.
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The round is led by BlackFin Capital Partners, a leading European private equity firm focused exclusively on financial services buyouts and fintechs. Existing investors PayPal Ventures and Seaya Ventures are re-investing after leading the company's Series B financing last year. The rapid success of its international business and high demand from the market prompted the Aufinity Group to implement this financing round earlier than planned. The fintech will use the capital to further drive its European expansion and strategic partnerships with Original Equipment Manufacturers (OEMs).
'With this round, we are focusing on accelerating our growth across Europe even further. Through new strategic partnerships with leading OEMs and by continuing our focus on dealerships, we are preparing to redefine the industry standard for the whole of Europe,' explains Lasse Diener, Co-Founder and CEO of the Aufinity Group. 'Our core business in Germany is already solidly positioned. However, the high level of interest from the international market has prompted us to push ahead with our expansion into more countries earlier than planned, which is a great market confirmation for our business and platform.'
With the platform Aufinity, the fintech is the market leader for payment management in the automotive sector. It offers car dealers and OEMs a digital, white-label-capable appearance and optimized payment management across the entire automotive market - from vehicle sales to after-sales. Optimized payment processes ensure faster incoming payments, higher liquidity, more efficiency and a better customer experience.
'We have been closely monitoring the company for a couple of years already and have been impressed by the execution skills of the team. The success of their recent expansion abroad convinced us to invest in the company to support the European rollout and further enrich the payment orchestration capabilities of Aufinity', says Maxime Mandin, Managing Director at BlackFin Capital Partners.
PayPal Ventures and Seaya Ventures already led the Series B financing of the Aufinity Group in 2024. With this investment, the company started its expansion in Italy and Spain in the same year.
'Since our initial investment, the team has executed exceptionally—scaling their annualized platform volume and expanding successfully into after-sales, enterprise, and new geographies like Iberia and Italy. Doubling down on our support was a natural next step,' said Alexandros Bottenbruch, Investor with PayPal Ventures.
Aris Xenofontos, Partner at Seaya, adds: 'We are excited to continue supporting Lasse, Ulrich, Markus and the team in next phase of the growth of the business. Since our investment, we have been impressed with the team's ability to capture successfully the strong demand in international markets, such as Spain and Italy.
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