Munich Startup: Who is Bavest? And what do you do?
Ramtin Babaei, Bavest: Bavest is an innovative AI-Fintech from Germany, founded by Pedram Babaei, William Todt and Ramtin Babaei in 2019. The Infrastructure Bavest's platform provides fintechs, banks, and asset managers with access to real-time financial and alternative data. Especially in the area of alternative data, Bavest can provide in-depth sentiment data as well as ESG and climate data and analyzes large volumes of data using its proprietary artificial intelligence. Here, Bavest provides a wide range of different data, such as CO2 data, carbon footprint data, involvement risk analyses, ESG scores, and much more. Importantly, unlike existing providers, Bavest can also cover small and mid-cap companies.
Munich Startup: What do you expect from your new location in Munich?
Ramtin Babaei: Munich's startup scene is growing rapidly; major fintechs, as well as large asset managers and private banks, have their headquarters here. For us, this is an important step to continue growing and be close to our existing and potential customers. Munich is known for its strong tech scene, and with TUM, we have the opportunity to find and retain outstanding talent for the long term.
Munich is also home to large fintech VCs, or VCs in general; geographical proximity is good in that it is a refreshing change to meet investors locally.
Munich Startup: How have you experienced the Munich startup ecosystem so far? perceived?
Ramtin Babaei: The startup ecosystem in Munich is extremely diverse: From fintechs to deeptechs, there are many exciting startups and founders here. We've already made some contacts and are happy about the open community. There are also several events, such as the UnternehmerTUM, that allow you to quickly find new contacts and exchange ideas.
