{"id":56313,"date":"2020-01-14T16:30:25","date_gmt":"2020-01-14T15:30:25","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=56313"},"modified":"2020-01-14T10:52:09","modified_gmt":"2020-01-14T09:52:09","slug":"xpay-secures-7-million-euros-in-financing","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/56313\/xpay-secures-7-million-euros-in-financing\/","title":{"rendered":"Xpay secures 7 million euros in financing"},"content":{"rendered":"<div class=\"entry-content\">\n<p><strong>Prepaid credit cards and the corresponding data analytics\u2014with this offering, the Munich-based fintech Xpay has won over investors such as Apeiron Investment Group, Grey Study Capital, and the Swiss &#039;unicorn hunter&#039; Daniel Gutenberg. The Series A financing raised a total of \u20ac7 million.<\/strong><\/p>\n\n\n\n<p>As is often the case in retail, Amazon is leading the way: Consumers receive a Visa card through the online giant that not only entices them with a starting credit but also offers benefits in the form of bonus points. The points collected are then converted into credit when they shop on Amazon.de. This encourages customers to shop on the platform again in the future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Prepaid credit cards as a bonus program for SMEs<\/h2>\n\n\n\n<p>To enable small and medium-sized businesses to offer such programs, Denis Raskopoljac launched Xpay in 2016. The company provides companies with Mastercard cards for free, which they then pass on to their customers in the form of a bonus program. The basis is a license from the Munich-based payment service provider Wirecard. Consumers receive various discounts and benefits when shopping with the branded prepaid credit cards. According to Xpay, 80,000 end customers are already using the card products, and this number is expected to rise to over 1 million by the end of the year.<\/p>\n\n\n\n<p>The business model of the <a href=\"\/en\/55733\/more-startups-more-money-fintech-scene-continues-to-grow\/\">Fintechs<\/a> However, only after the purchase. The company uses the data generated during shopping to later present suitable offers to the consumer \u2014 even in offline retail, as COO <strong>Markus Shanek<\/strong> explained:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWe are providing brick-and-mortar retailers and smaller online retailers with AI and machine learning-based tools that otherwise only Amazon and other large online companies have.\u201d<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Low costs, great potential<\/h2>\n\n\n\n<p><strong>Christian Angermayer<\/strong> justifies the investment decision of the <a href=\"\/en\/?s=apeiron\">Apeiron<\/a> Investment Group: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;What impressed us most about Xpay is that the company offers many of the features of so-called challenger banks, without their biggest problem: excessive customer acquisition costs. By partnering with established companies and accessing their existing end customers, Xpay has virtually no customer acquisition costs and can fully focus on providing the perfect service to both its partner companies and their end customers. At the same time, its end customers aren&#039;t just millennials\u2014who often generate low sales\u2014but customers from all age groups and demographics.&quot;<\/p><\/blockquote>\n\n\n\n<p>Among Xpay\u2019s first customers is the specialist for electronic payment transactions as well as prepaid and voucher solutions <a href=\"\/en\/42386\/epay-buys-lendstar\/\">Epay<\/a>. They are also convinced of the solution, as <strong>Stephan Heintz<\/strong>, Senior Director Issuing Epay, explains:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWe have launched our Epay Card, a prepaid credit card, with Xpay and are successfully operating the program in Germany and Austria.\u201d<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Prepaid credit cards and the corresponding data analytics\u2014with this offering, the Munich-based fintech Xpay has won over investors such as Apeiron Investment Group, Grey Study Capital, and the Swiss &#039;unicorn hunter&#039; Daniel Gutenberg. A total of \u20ac7 million was raised in Series A financing. As is often the case in retail...<\/p>","protected":false},"author":33,"featured_media":56314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,162,1672,1772],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Xpay sichert sich 7 Millionen Euro Finanzierung - Munich Startup<\/title>\n<meta name=\"description\" content=\"Prepaid-Kreditkarten und die dazu passende Datenanalyse \u2013 damit hat das Fintech Xpay Investoren wie die Apeiron Investment Group von sich \u00fcberzeugt.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/56313\/xpay-secures-7-million-euros-in-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xpay sichert sich 7 Millionen Euro Finanzierung - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Prepaid-Kreditkarten und die dazu passende Datenanalyse \u2013 damit hat das Fintech Xpay Investoren wie die Apeiron Investment Group von sich \u00fcberzeugt.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/56313\/xpay-secures-7-million-euros-in-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-14T15:30:25+00:00\" \/>\n<meta name=\"author\" content=\"Maximilian Feigl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maximilian Feigl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/en\/56313\/xpay-secures-7-million-euros-in-financing\/\",\"url\":\"https:\/\/cms.munich-startup.net\/en\/56313\/xpay-secures-7-million-euros-in-financing\/\",\"name\":\"Xpay sichert sich 7 Millionen Euro Finanzierung - 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