Bonify is a Berlin-based app that evaluates consumers' real-time creditworthiness and delivers personalized personal-finance recommendations. Led by CEO and co-founder Gamal Moukabary, the app uses smart nudges to help users save money by switching loans, energy providers and other services. The company announced an upgrade to the analytics engine that powers its service, intended to further optimize its personalized recommendations. Bonify's user base has tripled since its €5.5m Series A in February 2017 and it has provided over 600,000 credit reports. The company raised a new, undisclosed funding round led by Santander InnoVentures, with participation from existing investors Mosaic Ventures, Ribbit Capital, DN Capital and a number of angel investors from the German and international fintech scene. The articles do not disclose the amount or the financing instrument for this round. Bonify, founded in 2015 by CEO Gamal Moukabary, operates a personal credit score platform based in Berlin, Germany. The platform allows users to monitor their personal credit score, upload additional relevant data, and view and manage their finances. It offers tools and personalized recommendations to help users optimize their financial situation. The company raised €5.5m in a Series A funding round to support growth. Bonify intends to use the funds to continue hiring and to expand operations. No revenue or user metrics were disclosed in the article.

Total raised

$6M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2017