NX Technologies operates bezahl.de, a payment management platform that lets dealerships and automotive providers manage the entire receivables process, shorten order-to-cash timelines, and reduce accounting and back-office resources. The platform offers a modern payment experience with numerous payment methods and embedded financing options for customers of dealerships and other automotive providers. More than 70% of the top 100 automotive retail groups and over 1,000 car dealerships in Germany use bezahl.de. The company was founded in 2018 by Lasse Diener and Ulrich Schmidt and now has a team of more than 130 employees. NX plans to use new funding to strengthen its market position in Germany, expand into new European markets, and continue growing and optimizing the bezahl.de platform. bezahl.de is a Cologne-based fintech founded in 2018 by Lasse Diener and Ulrich Schmidt that focuses on receivables and payment management. The company offers Forderungs- und Zahlungsmanagement services and is pursuing integration of additional embedded finance solutions. The fresh capital is intended to fund integration of further embedded finance offerings and expansion into additional regions. Over 100 employees currently work for bezahl.de. The business previously received a €5 million investment from Embedded Capital and Marco Schnabl.

Total raised

$37M

Funding rounds

2

Latest round

Series B

Latest activity

Mar 2024