German automotive fintech Aufinity Group (formerly NX Technologies) has raised $26 million in Series C funding led by BlackFin Capital Partners.
Founded in 2018, Aufinity offers car dealers and Original Equipment Manufacturers (OEMs) a digital payment management solution that integrates automatic accounting functions, anti-money laundering safeguards, and payment data transfer capabilities.
The company, which boasts a 150-strong workforce, claims its bezahl.de offering is utilised by over 1,400 car dealerships.
The latest funding round attracted additional support from previous backers Seaya Ventures and PayPal Ventures, who participated in Aufinity’s $24 million Series B round bagged in March 2024.
Having recently established operations in Italy and Spain, Aufinity intends to deploy the fresh capital to fuel its European expansion strategy and forge additional strategic partnerships with OEMs.
“Our core business in Germany is already solidly positioned,” explains Lasse Diener, Aufinity’s co-founder and CEO. “However, the high level of interest from the international market has prompted us to push ahead with our expansion into more countries earlier than planned.”
Source: https://www.fintechfutures.com/
