wajve Raises €5M in Seed Funding
Summary
wajve, a Berlin, Germany – based financial app for Gen Z, raised €5m in seed funding. The round was led by EQT Ventures with participation from 468 Capital and angels including Lucas von Cranach (CEO of OneFootball), Roland Grenke (co-founder of Dubsmash and Acapela Group), and Christian Gaiser (CEO of COSI). The company intends to use the funds to accelerate the roll-out of the platform, which has just launched, for the first customers in Germany before expanding into other European markets. In November 2020, deineStudienfinanzierung was approved as the first digital platform to offer the German government-backed study loan from KFW. It will operate a ‘lock-in’ model to make money, leveraging initial customer acquisition to increase sales of financial products.
Funding
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