Aazzur launches funding round
New challenger bank in Germany
Aazzur has launched a fundraising round and begun a beta testing programme for its international mobile-based current account, reports Jane Connolly.
The Berlin-based fintech is soft-launching its inclusive current account, which comes with a financial services marketplace.
Information for potential investors can be found on the online investment platform, Angels Den Funding.
Aazzur claims to be reinventing how banks are built, by connecting banks and their users to the fintech ecosystem through one integration. The platform acts as a layer above existing banking and fintech solutions to facilitate transactions, messages and exchange of data.
The solution aims to provide a ‘one-stop-shop’ for customers’ banking and personal finance needs.
Invited beta testers will receive benefits such as a free premium account and a cash-based referral incentive programme.
Aazzur’s CTO, Richard Unger says: “Our team of developers has worked incredibly hard to build our innovative finance platform in record time. Now we’re looking for people to rest our product, give their feedback and help us build an inclusive banking offering for the future.”
Investment in Aazzur is eligible for the UK’s Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS).
The company has been previously approved and is in the reapproval process for Germany’s BAFA INVEST database, which offers a 20% cash return incentive for qualified investors.
