German Wealthtech Startup Bunch Secures $15.5 Million in Series A Funding
Drive towards Full-Service Financial Planning
Bunch, a German wealthtech startup, has raised $15.5 million in Series A funding, led by Target Global and HV Capital. The funding will be used to enhance the company’s product offering and scale its team. Bunch aims to become a one-stop shop for financial planning, offering a range of services including investment advice, retirement planning, and tax optimization.
The company was founded in 2020 by Dr. Georg Hauer and Dr. Gregor Bauer, both former management consultants. Bunch has seen rapid growth since its launch, with over 15,000 customers and €150 million in assets under management.
Offering a Holistic Approach
Bunch’s platform provides users with personalized financial advice based on their individual circumstances and goals. The company uses a combination of technology and human expertise to deliver tailored solutions. Bunch’s team of financial advisors are available to provide support and guidance throughout the planning process.
We believe that everyone deserves access to high-quality financial planning, said Dr. Georg Hauer, CEO of Bunch. Our mission is to make financial planning accessible, affordable, and personalized. With this latest funding, we can accelerate our growth and continue to provide our customers with the best possible service.
Strategic Partners
Bunch has partnered with several leading financial institutions, including ING, Commerzbank, and Allianz. These partnerships allow Bunch to offer a range of investment products and services to its customers.
- ING: Integration with ING’s banking platform
- Commerzbank: Joint development of financial planning solutions
- Allianz: Distribution of Bunch’s services through Allianz’s network of insurance agents
Market Opportunity
The wealthtech market is experiencing rapid growth, as more and more people are seeking financial advice and support. Bunch is well-positioned to capitalize on this opportunity, with its unique combination of technology and human expertise.
Investor Confidence
We are impressed with Bunch’s vision and execution, said Lina Chong, Partner at Target Global. The company has a strong team and a differentiated approach to financial planning. We are confident that Bunch has the potential to become a leader in the wealthtech market.
Expansion Plans
Bunch plans to use the Series A funding to expand its team and product offering. The company also plans to enter new markets, with a focus on Europe and Asia.
About Bunch
Bunch is a German wealthtech startup that provides personalized financial planning services. The company was founded in 2020 by Dr. Georg Hauer and Dr. Gregor Bauer. Bunch has over 15,000 customers and €150 million in assets under management.
Kind regards N. Bauer.
