Numbrs announces significant media investment from ProSiebenSat.1 Group03.04.2014 15:59
Numbrs, developer of multi-banking app based in Zurich, has just announced a significant media investment for an undisclosed equity stake from SevenVentures, ProSiebenSat.1’s venture investment arm.
Numbrs enables users to intelligently track, manage and even predict their spending through a slick smartphone application. On top of all the expected banking functionality, key features of the app include its transaction auto-categorisation algorithm, its future timeline predicting future transactions and even an offline mode. Although currently only available in Germany, the London and Zurich based startup has ambitious growth plans with both the UK and the US in its sights.
SevenVentures is ProSiebenSat.1’s venture investment arm, pioneers of the media for equity investment model. As part of the deal, Numbrs will gain access to ProSiebenSat.1’s unsurpassed network reach. According to Julien Arnold, Numbrs CEO, “the investment of SevenVentures is a truly unique opportunity to increase the brand awareness of Numbrs.” The ProSiebenSat.1 Group is one of the largest media corporations in Europe and reaches about 42 million TV households with TV stations in Germany, Austria and Switzerland.
“We are excited to work with SevenVentures who have a proven excellence in partnering with promising tech startups and aiding their transformation into global internet powerhouses,” said Severin Jan Rüegger, Managing Partner at Centralway, the business incubator Numbrs was built in.