Photo - AAZZUR
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AAZZUR

Germany
Market: Internet and IT, Insurance, Financial services
Stage of the project: Operating business

Date of last change: 12.10.2022
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Idea

We embed financial products into user journeys for FinTechs, banks, and corporates – right at the point of need, without building a tech stack. We provide a Platfrom-as-a-Service to get you to market

Current Status

We have raised 2.2M EUR from VCs, Institutions & Angel investors in pre-seed and early seed rounds. Notable investors are: Techstars, Astorya.vc, F10 Invest AG, British Business Bank, Chairman Morgan Stanley Germany.

Our current traction:
- 8 active signed clients.
- a pipeline of 20+ leads and prospects. 
- successful POCs with Alior Bank and PZU Insurance (market leader in Poland, ~20M customers).
- alumni of Techstars Berlin, PwC Scale Up, F10, Plug and Play, RBL Start, etc.
- received many industry awards an

Problem or Opportunity

For fintechs and BaaS suppliers we provide infrastructure that allows our customers (primarily corporates and B2C fintechs) to embedded financial services much faster and cheaper than using banking channels or connect their APIs directly. We heavily reduce the complexity for our customers, allow them to rely on modules and value-added features rather than understanding and integrating each individual API themselves and support them with monetisation tools.

E.g. providing credit card as a service requires ~22 integrations/legal agreements but with AAZZUR only 2 contracts and 1 integration.

Solution (product or service)

AAZZUR is a one-stop-shop for embedded fintech and BaaS. We provide components our customers embed in their workflows. From adding loans to your website to building a challenger bank, we do that in a future-proof, scalable fashion.

We allow our customers to benefit from the fintech ecosystems without having to build a tech-stack by themselves.

Business model

A mix of subscription and marketplace model.

Our revenues consist of setup, SaaS / licenses, transactional and brokerage commissions.

The biggest value drivers are transaction and brokerage commissions.

Incubation/Acceleration programs accomplishment

Techstars Berlin, PwC Scale Up, F10, Plug and Play, RBL Start, etc.
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