Ndgit is a Munich-based banking software platform that provides an open banking platform to help banks and insurers connect to new business models and share data in accordance with PSD2. Led by founder and CEO Oliver Dlugosch, the company also enables digital businesses such as mobile.de to establish banking processes and connect to banking systems. Its customer base includes Swiss bank Hypothekarbank Lenzburg and Germany’s Bank für Sozialwirtschaft. Ndgit recently raised €4m in a Series A round and intends to use the funds to expand the team to 50 employees. The company plans to systematically expand its product portfolio using the proceeds. No revenue or user metrics were disclosed in the article. Ndgit builds an API-banking platform and middleware that lets banks and insurance firms implement Open Banking and PSD2, deploy digital ecosystems, and integrate specialized fintech functions via an API marketplace. Its middleware technology enables development of end-to-end digital processes and application backends using APIs. The company is led by CEO Oliver Dlugosch and CTO Florian Pahl. Ndgit raised a low 7-digit funding round to continue developing its platform. The funds will also be used to expand the company’s operations. The startup is based in Munich, Germany.

Total raised

$5M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2018