Osborne Clarke has advised Force Over Mass and VR Ventures on Banxware's EUR 10 million funding round. 

Founded in 2020, Banxware has raised EUR 10 million in its seed expansion round led by Element Ventures. D4 Ventures, FinVC and Varengold Bank AG are participating as co-investors.

Banxware's existing investors Force over Mass, VR Ventures and HTGF have significantly increased their investments in the financing round. Also the already invested industry experts, Payone founders Jan Kaniess and Carl Frederic Zitscher. Alex Urdea of Upper90 and Paula Blazquez Solano have participated.

The company says it will use the capital to further develop its offering, grow its team and drive product development, sales and marketing to digital platforms across Europe.

Banxware's solution, which sees itself as a Lending-as-a-Service provider, enables digital platforms as well as marketplaces and payment service providers or shop system providers to offer embedded financing products in real time to their business customers. The complex of topics is often treated under the buzzword embedded finance, one of the current fintech trends.

The team advising Force over Mass and VR Ventures consisted of Dana Alpar (all Corporate / VC) and Dr Jens Wrede (Tax) under the lead of Maximilian Vocke and partner responsibility of Robin Eyben.

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