Swiss fintech startup Numbrs Personal Finance has joined the unicorn club, raising $40 million from private investors in its latest funding round.
The company now claims over two million downloads and in excess of €10 billion in managed assets.
The firm’s growth strategy has revolved around the support of private investors - such as former Deutsche Bank CEO Josef Ackermann - rather than venture capitalists, who insist on fast returns.
Numbrs founder Martin Saidler says: “Venture capital and private equity funds tend to have less patience. They get nervous when it takes longer for a startup to earn money”
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