About Bonify
Bonify is a company based in Berlin (Germany) founded in 2015 by Andreas Bermig was acquired by SCHUFA in December 2022.. Bonify has raised $5.84 million across 5 funding rounds from investors including Experian, SCHUFA and Ribbit Capital. The company has 39 employees as of December 31, 2020. Bonify offers products and services including SCHUFA-Auskunft, FinFitness, Mieterauskunft, and VertragsWallet. Bonify operates in a competitive market with competitors including Credit Sesame, Dovly, Pave, Bloom Credit and Altro, among others.
- Headquarter Berlin, Germany
- Employees 39 as on 31 Dec, 2020
- Founders Andreas Bermig
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Forteil Gmbh
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Annual Revenue
$18.94 K (USD)0as on Dec 31, 2022
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Net Profit
$23.19 M (USD)-3as on Dec 31, 2022
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EBITDA
$23.18 M (USD)-3as on Dec 31, 2022
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Total Equity Funding
$5.84 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Experian
& 9 more
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Employee Count
39
as on Dec 31, 2020
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Acquired by
SCHUFA
(Dec 19, 2022)
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Products & Services of Bonify
Bonify offers a comprehensive portfolio of products and services, including SCHUFA-Auskunft, FinFitness, Mieterauskunft, and VertragsWallet. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Free online tool for viewing SCHUFA scores and entries
Tool to evaluate and improve personal financial health
Digital check for rental eligibility with SCHUFA data
Platform to track and compare user contracts
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Funding Insights of Bonify
Bonify has successfully raised a total of $5.84M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(20 Feb 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series A - Bonify | Valuation | Experian , Mouro Capital | |
| Jan, 2020 | Amount | Series A - Bonify | Valuation | German Media Pool |
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| Jul, 2019 | Amount | Series A - Bonify | Valuation | Experian |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bonify
Bonify has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Experian, SCHUFA and Ribbit Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments in European sectors are managed by Mosaic Ventures.
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Founded Year | Domain | Location | |
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Venture capital investments are made in technology-driven companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bonify
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bonify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bonify Comparisons
Competitors of Bonify
Bonify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Credit Sesame, Dovly, Pave, Bloom Credit and Altro, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Personal finance management and price comparison of financial products
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| domain | founded_year | HQ Location |
Credit reports are pulled automatically, disputes sent, and changes monitored.
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| domain | founded_year | HQ Location |
Pave is focused on helping users build credit scores.
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| domain | founded_year | HQ Location |
Tools for credit repair and score management are provided.
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| domain | founded_year | HQ Location |
Fintech platform for credit repair and financial literacy is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bonify
Frequently Asked Questions about Bonify
When was Bonify founded?
Bonify was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Bonify located?
Bonify is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of Bonify?
Andreas Bermig is the current CEO of Bonify. They have also founded this company.
Is Bonify a funded company?
Bonify is a funded company, having raised a total of $5.84M across 5 funding rounds to date.
How many employees does Bonify have?
As of Dec 31, 2020, the latest employee count at Bonify is 39.
What is the annual revenue of Bonify?
Annual revenue of Bonify is $18.94K as on Dec 31, 2022.
What does Bonify do?
Bonify was founded in 2015 in Berlin, Germany, as a fintech company focused on credit services. A platform is operated that grants free access to users credit scores and enables data uploads. Tools and personalized recommendations are supplied to support credit improvement efforts. Operations are centered in the European market, with leadership provided by co-founder and CEO Andreas Bermig and Managing Director Michael Spohn.
Who are the top competitors of Bonify?
Bonify's top competitors include Credit Sesame, Bloom Credit and Dovly.
What products or services does Bonify offer?
Bonify offers SCHUFA-Auskunft, FinFitness, Mieterauskunft, and VertragsWallet.
Who are Bonify's investors?
Bonify has 10 investors. Key investors include Experian, SCHUFA, Ribbit Capital, Mosaic Ventures, and Avala Capital.
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