About finway
finway is a Technology company based in Neuried (Germany) founded in 2019 by Csaba Krummer, Jennifer Dussileck, and Philipp Rieger. It operates as a digital expense management solutions are offered for employees and employers. finway has raised $12.48 million across 3 funding rounds from investors including Capital 49, Force Over Mass and 10x Group. Its chief executive is Csaba Krummer. Its website finway.de draws about 28 thousand monthly visits. finway offers products and services including Invoice Processing, Company Cards, Expense Management, and Budget Control. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Expense Management. Its competitors include My Expenses, Roov, Primoco and TicToc.
Company details
Finway was founded in 2019 in Neuried, Germany, within the fintech sector. Digital tools for expense management are provided, including invoice processing, accounting, and bookkeeping services. NFC-enabled physical and virtual cards are issued for online and offline transactions. Monthly subscription models are utilized to support operations for businesses and their employees across Europe.
- Total Equity Funding$12.48M (USD)
in 3 rounds
- Latest Funding Round$10M (USD), Series A
Feb 2023
- InvestorsCapital 49
& 6 more
Products & Services of finway
finway offers a comprehensive portfolio of products and services, including Invoice Processing, Company Cards, Expense Management, and Budget Control.
Automates invoice entry, processing, and approval for efficient management.
Provides virtual and physical cards for expense control and tracking.
Handles employee expenses and reimbursements through digital processes.
Monitors budgets and reports in real-time for cost oversight.
Apps and channels of finway
finway publishes 2 mobile apps with over 1K+ downloads; its YouTube channel finway has 67 subscribers and 30 videos.
Videos from finway
The most watched videos on finway's YouTube channel, finway (67 subscribers). Click a video to play it here.
More on finway.
Funding Insights of finway
finway has successfully raised a total of $12.48M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in February 2023. 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 $12.48M
- Total Rounds 3
- Last Round Series A — $10M
- First Round $2.48M
(Mar 2021)
- Investors Count 7
All 3 funding rounds of finway with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $10M | Series A | – | Capital 49 | |
| Jun 2022 | – | Series A | – | – | |
| Mar 2021 | $2.48M | Seed | – | 10x Group |
7 investors in total: 5 institutional and 2 angel.
Investors in finway
finway has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Capital 49, Force Over Mass and 10x Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Capital 49 is focused on venture capital investments for founders. | – | capital49.com | - | |
Venture capital fund focused on SaaS, AI, blockchain, gaming, fintech, and multiple sectors | – | fomcap.com | London, United Kingdom | |
Venture capital firm investing in multiple sectors | – | 10x.group | Munich, Germany | |
Venture capital is provided to innovative startups by b2venture. | – | b2venture.vc | St. Gallen, Switzerland | |
Support is provided for religious, scientific, and educational endeavors. | – | paulfosterfamilyfoundation.com | El Paso, United States | |
FH Felix Haas | German angel investor in Indian startups, co-founder of IDG Ventures India | – | unknown_65ee103c41e34afab | - |
FH Florian Huber | - | – | unknown_51c6009e8e444879b | - |
Investor details for finway
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of finway
11 people are tracked at finway (4 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Csaba Krummer | Co-Founder & Co-CEO | Leadership |
Jennifer Dussileck | Co-Founder & Co-CEO | Leadership |
Philipp Rieger | Co-Founder & CTO | Leadership |
Csaba Krümmer | Co-Founder & Co-CEO | Leadership |
Nick Bulaienko | Development Lead | Team |
Palak Purohit | Quality Assurance Engineer | Team |
Mareike Dittrich | Finance & People Operations Manager | Team |
Stefan Uden | Team Lead Sales | Team |
Amelie Paul | Product Manager - Data & AI | Team |
Sergey Yurchenko | Development Lead | Team |
Evgeni Kiradzhiyski | Software Engineer | Team |
Complete people profiles for finway
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Timeline of finway
3 dated milestones of finway across 4 years, from founding to its latest funding, stage changes and deals.
- Founded finway is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series A, of $10.0M.
Competitors of finway
finway has 4 listed competitors in our database. They include My Expenses, Roov, Primoco and TicToc, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myexpenses.mobi | 2013 | Berlin, Germany | – | – | A platform for managing personal expenses. | |
| roov.app | 2018 | Sint Martens Latem, Belgium | – | 11 | Personal finance management app | |
| primoco.me | 2015 | Willich, Germany | – | – | Personal finance app for tracking income, expenses, budgets, and reports across devices. | |
| tictocbits.com | 2018 | Berlin, Germany | – | – | Creates user-friendly apps including Deep Pockets for simple solutions. |
Detailed competitors of finway
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of finway
The website of finway (finway.de) receives about 28.5K visits a month.
- Monthly visits28.5K
▲ 2.1% vs previous month
Websites whose visitors overlap most with finway. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sis-verlag.de | sis-verlag.de | 100% | – | #3,765,913 | – |
concur.de | concur.de | 98% | – | #1,697,218 | – |
| serrala.com | 94% | 52.1K | #972,355 | View details | |
| planful.com | 84% | 176.1K | #222,746 | View details | |
| sevdesk.de | 82% | 680.7K | #25,708 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for finway
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 18 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
10 companies that operate in the same segment as finway (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | 2,713 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | 602 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | 674 | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | 1,524 |
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Related news about Finway
Complete news archive for finway
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Frequently Asked Questions about finway
finway was founded in 2019 and raised its 1st funding round 2 years after it was founded.
finway is headquartered in Neuried, Germany. It is registered at Neuried, Bavaria, Germany.
Csaba Krummer is the current CEO of finway. They have also founded this company.
finway is a funded company, having raised a total of $12.48M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.48M, raised on Mar 2021.
Finway was founded in 2019 in Neuried, Germany, within the fintech sector. Digital tools for expense management are provided, including invoice processing, accounting, and bookkeeping services. NFC-enabled physical and virtual cards are issued for online and offline transactions. Monthly subscription models are utilized to support operations for businesses and their employees across Europe.
finway's top competitors include Roov, My Expenses and Primoco.
finway offers Invoice Processing, Company Cards, Expense Management, and Budget Control.
finway has 7 investors. Key investors include Capital 49, Force Over Mass, 10x Group, b2venture, and Paul L. Foster Family Foundation.
Yes. finway publishes finway and 1 more app, with over 1,000 downloads.