The financial technology company bexio has secured growth capital of more than CHF 7 million in a financing round. Swisscom Ventures played a leading role.
Swisscom’s risk capital division, Swisscom Ventures, represented the largest portion of the overall CHF 7.5 million bexio secured in the financing round. The company founders and existing investors also strengthened their involvement. “I am delighted that prominent new, as well as existing, investors have shown faith in bexio’s enormous potential,” commented CEO Jeremias Meier.
The start-up company from the St.GallenBodensee Area launched the first Swiss-wide interface between accounting software and e-banking 15 months ago. It works with the five biggest Swiss banks. The service is aimed at small- and medium-sized enterprises (SME), with the intention of freeing them from cumbersome contracts and having to balance their accounts.
“The growth bexio has achieved since it launched is impressive. Thanks to close ties with other service providers in related industries, we are convinced that bexio will in future play a key role in the existing ecosystem of SME services,” according to Stefan Kuentz, investment director at Swisscom Ventures.
bexio now has more than 8,000 customers, with a most recent average of 500 new customers each month. “With the new capital from the financing round, we want to further accelerate bexio’s strong growth, build on our strong market position and invest more in product innovation,” added Meier.