OptioPay is a fintech that provides open banking products enabling customer-centric, data-driven value-add services. Its core offerings include a white-label platform for value-added services and recommendations, a data-insights portal for enterprise clients, and a bank-account-data driven campaign manager for advertisers. The company says end-customers receive cashbacks, higher-value vouchers and contract optimization in exchange for bank account data. Founded in 2014 and based in Germany, OptioPay positions its products as ‘data for good’ that let customers own and responsibly share their data. Management plans to use new funding to further develop and market the three core products and to meet growing demand across Europe. CEO Marcus Börner emphasized investing the capital to better serve businesses and customers and to nudge smarter, more responsible consumption. OptioPay is a Berlin-based payment-solution software company that enables firms to convert payments such as payroll, insurance payouts and other monetary claims into products, services or vouchers from established vendors. The platform is already in market with contracts signed with more than 100 brands and suppliers, including Adidas, Zalando, banks, insurers, aviation and railway companies. Co-founded by CEO Marcus Börner and COO Oliver Easter, OptioPay partners with established vendors to increase perceived value for final recipients like employees and customers. The company raised €7m in seed funding to support its growth. OptioPay intends to use the funds to continue to expand operations.

Total raised

$14M

Funding rounds

2

Latest round

Series B

Latest activity

May 2021