Berlin-based startup UnitPlus, creator of the first capital market bank, has secured €4.7 million in seed funding to expand its range of capital market products and strengthen its technical infrastructure. The round came from Material Ventures, SeedX, NextBlue, and Exxecta Ventures.
- Founded in 2021 by Kerstin Schneider, Fabian Mohr, and Sebastien Segue, UnitPlus is creating the first capital market bank to give people safe and simple access to investment markets. By classifying customers' funds as protected assets, UnitPlus keeps money secure and shielded from institutional risks, offering financial control beyond traditional banks.
- UnitPlus, in partnership with Aion Bank, provides a Mastercard that allows users to make secure, fee-free payments worldwide. The app is designed for easy account management, giving customers full control and peace of mind, knowing their money is protected by top security and regulatory standards.
- According to the startup, their accounts offer an interest rate 30 times higher than the average checking account and three times higher than the typical daily money account. With over 150 million bank cards outperforming traditional options like CashPlus in interest returns, UnitPlus aims to provide a significantly better way for customers to grow their money.
Details of the deal
- The seed round was led by London-based VC Material Ventures, which focuses on pre-seed and seed investments across Europe, particularly in deep tech, fintech, and consumer tech. Other participants included SeedX, Tokyo-based VC NextBlue, Robin, Pact, and Exxecta Ventures.
- UnitPlus plans to use the funds to improve its technical infrastructure and develop innovative capital market products. This includes launching an AI-driven savings plan for private clients, introducing new active ETFs and private equity offerings, and creating "UnitPlus Business" to assist SMEs as a virtual capital market CFO, enabling them to make informed cash management decisions and enhance profitability.
"We are incredibly grateful for the hard work and dedication of the UnitPlus team, who achieved remarkable success with limited resources. Thank you also to our retail and corporate clients for placing their trust in our product vision, to our investors for believing in our growth, and to our partners for their invaluable support," UnitPlus's team, commented on LinkedIn.
