Airbank a Germany- based business-to-business (B2B) finance management platform Airbank has announced a $20 million Series A funding.

The round was led by Molten Ventures (formerly Draper Esprit) with the participation of Bruce Wallace, strategic advisor at Brex; Guillaume Cabane, strategic advisor at Ramp; and Axel Wieandt, senior advisor at Jefferies; as well as existing investors New Wave, Speedinvest and Entrepreneur First (EF).

The funding will be used to expand Airbank team , develop its product and extend coverage to new European markets by the end of 2022.

Company: Airbank GmbH

Raised: $20.0M 

Round: Series A

Funding Month: June 2022

Lead Investors: Molten Ventures

Additional Investors: Bruce Wallace, strategic, Guillaume Cabane, Axel Wieandt, New Wave, Speedinvest, and Entrepreneur First (EF).

Company Website: https://www.joinairbank.com/

Software Category: Finance management platform 

About the Company: Airbank is the next-generation financial management platform for European startups and SMBs. Airbank helps businesses with the daunting task of finance management. Airbank's mission is to give people back the time and money spent managing their business finances so they can focus on what matters - their business.

Source: https://www.fintechfutures.com/2022/06/airbank-raises-20m-to-build-the-most-comprehensive-global-smb-banking-solution/