figo GmbH is a Hamburg-based banking service provider offering third parties innovative banking functions under the amended Payment Services Directive 2 (PSD2). Its core product, the figo Banking API, allows fintechs, banks and large customers to link applications, products and services to more than 3,100 financial sources. The technology is already in use at well-known companies. Led by CEO André Bajorat, figo focuses product development and offerings around PSD2 and other regulatory requirements. The company raised €6.8M in a Series B financing and intends to use the funds for internationalization and further expansion of its PSD2-related products. figo is a banking service provider that delivers a SaaS-based banking service via a proprietary API. The API integrates with third-party systems and lets clients link their products to over 3,100 banks and other financial service providers. The company is led by CEO André M. Bajorat and CFO Heiko Rahlfs. figo completed a financing round of undisclosed amount. Backers named in the round include High‑Tech Gruenderfonds (HTGF), Carlo Koelzer and Joerg Heilig. The company says it will use the funds to strengthen its German market position and to expand into Europe.

Total raised

$7M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2016