Family fintech app Bling raises $12M Series A funding

Berlin household fintech app Bling has efficiently accomplished a Sequence A fairness funding spherical, elevating $12 million. 

Based in 2021, Bling offers instructional, family-friendly digital options within the areas of fee, funding, and cell communications. The corporate goals to enhance the monetary and media literacy of households by utilizing easy visualisations and academic info within the app and on social media. 

In 2022 the corporate launched a pocket cash card and accompanying app, and has advanced right into a holistic platform for households, through partnerships with business leaders throughout verticals together with Société Générale and Evergreen, offering Bling’s B2B2C companions with distinctive entry to the household goal group. 

Most lately, in February 2024, Bling added its personal family-friendly cell phone plans, “Bling Cellular,” in collaboration with Europe’s largest telco firm, Telekom. 

In response to Nils Feigenwinter, Co-Founder and CEO of Bling, almost 70 per cent of fogeys are overwhelmed of their each day lives and danger burnout. 

“Our app delivers sustainable reduction for households by offering instruments that educate and allow: from simple funds and investments to a process and purchasing planner, and family-friendly cell communications.” 

Owl Enterprise led the funding spherical, which included Commerzbank Group’s VC, Neosfer, in addition to present buyers PEAK and Angel Make investments. To this point, Bling has raised greater than $15 million.

“With a wonderful product, an progressive B2B2C platform, and powerful buyer progress, Bling’s educational-first strategy is clearly resonating with households and is poised to determine itself as some of the trusted manufacturers for households in Europe,” mentioned Jenny Wang, Accomplice and Head of Europe at Owl Ventures. 

Lead picture: Bling. Photograph: uncredited.