News 29.06.2021

PXR advises Nuri on €24 million Series B financing

PXR has provided comprehensive legal and tax advice to Berlin-based fintech company Nuri (formerly Bitwala) in its latest financing round. In an extension of its €15 million Series B first close of 2020, Nuri has now raised an additional €9 million in fresh equity from existing investors as well as new investors such as DIP Capital.

About Nuri

Nuri empowers people to save and invest money to achieve their personal financial freedom. With a mobile bank account, Nuri customers can manage their daily finances and invest their assets in a simple way. To provide legally compliant financial services, Nuri works with Solarisbank AG and Solaris Digital Assets GmbH. Nuri enables its customers to benefit from new types of financial technology and the blockchain economy by bridging the gap between the old and new financial systems. As Germany's second largest challenger bank, Nuri, headquartered in Berlin, now serves over 250,000 customers in 32 European countries. Nuri (formerly Bitwala) was founded in 2015 by Jan Goslicki, Benjamin Jones and Jörg von Minckwitz. Since then, Christoph Iwaniez, Philipp Beer and Kristina Walcker-Mayer have joined the management team. The entire team currently consists of more than 100 employees. Bitwala's investors include Earlybird Venture Capital, coparion, Global Brain and Sony Financial Ventures, G1, High Tech Gründerfonds, ALSTIN, DIP Capital and the Digital Currency Group.

About PXR

PXR is a full-service law firm specializing in advising companies, entrepreneurs and investors in the technology sector. PXR’s clients include numerous tech companies, private equity and venture capital investors, and entrepreneurs. PXR’s core areas of expertise include tax and corporate law, employment law, and IP/IT and data privacy law.