Experian Invests In German FinTech Start-Up bonify

Published: July 16, 2019 by Editor

We are delighted to announce our investment in bonify, a German fintech start-up dedicated to giving consumers better insights into their creditworthiness. bonify gives its 500,000 customers easy access to their creditworthiness and financial data, offering them a number of financial management tools to help analyse and optimise their financial situation.

At Experian, we believe very deeply in the power of data to help improve people’s lives. That’s why we’re so excited by bonify’s continued goal to improve its users’ financial lives, and the steps it is taking to help people in Germany understand and benefit from their financial information.

We are delighted to join a number of investors in supporting the growth of this innovative start-up.

Charles Butterworth, Managing Director Experian UK, Ireland and EMEA​, said: “We are excited by the way bonify is helping people in Germany understand, engage with and improve their credit scores. We look forward to supporting the team as an investor and partner in their future growth.“

Founder and CEO of bonify, Dr. Gamal Moukabary​, said: “Experian’s  investment shows that we are on the right track. It rewards our achievements and  our unique value proposition. Experian is an ideal investor and partner for us to  support the next growth phase. Our goal is to expand our operations into other  European countries.”

Manuel Silva Martínez, Partner and Head of Investments, Santander  InnoVentures​, added: “We are delighted to welcome Experian  Ventures to bonify. Experian will add tremendous value and technical expertise to  bonify’s product roadmap. We are thrilled to support bonify as we accelerate growth and help more and more people across Germany and Europe with taking control of  their finances in a sound and responsible way.

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