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Bavest Secures €1.1M to Revolutionize Financial Infrastructure

German fintech trailblazer Bavest has successfully wrapped up a €1.1 million funding round, to expand its customer base
April 4, 2024

Bavest, a leading B2B fintech based in Germany, has successfully concluded a €1.1 million funding round, marking a significant milestone in its mission to redefine financial infrastructure through cutting-edge AI technology.

The company's innovative software offers a comprehensive suite of financial services, including access to essential financial data and alternative datasets such as sentiment and ESG (Environmental, Social, and Governance) data. Bavest also provides a licensed API that empowers asset managers to leverage AI capabilities for portfolio risk assessment and climate impact quantification. Originally catering to B2C markets, Bavest pivoted its focus in 2022 to cater exclusively to the B2B sector.

This funding round, led by strategic investor ReZoom Capital and bolstered by investments from Nautic Ventures, as well as notable angel investors like Jens Rehwinkel, Dieter Staib, and Bitpanda’s Christian Trummer, underscores Bavest's commitment to innovation and growth. Notably, senior executives from esteemed management consultancies in the financial services sector and veterans from the banking and fintech industry have also joined as investors, contributing invaluable insights to Bavest's development roadmap.

Pedram Babaei, Founder and CFO of Bavest, expressed his enthusiasm for the future, stating, “This round of financing will enable us to accelerate our product development, expand our sales activities, and further strengthen our position as a leading provider of financial infrastructure for businesses.”

Echoing Babaei's sentiments, William Todt, Founder and CTO, emphasized the transformative impact of Bavest's technology on the investment landscape. "Our technology is not just a tool, but rather a door opener to new dimensions in the investment process," Todt stated. "They make previously undiscovered data landscapes accessible and enable our customers to make intelligent decisions that were previously out of reach."

With this infusion of capital, Bavest is poised to scale its technology platform, bolster its team, and meet the growing demand for its innovative services. As Bavest continues to push the boundaries of financial technology, it remains steadfast in its commitment to empowering businesses with actionable insights and intelligent decision-making tools.

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