FinTech startup Pigtie receives six-figure pre-seed investment

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Munich-based FinTech start-up and SCE alumni Pigtie receives six-figure pre-seed investment to become the best financial app for Generation Z in Germany.

  • Pigtie receives first investment from business angels for its vision to become the financial home of Generation Z and all generations to come. To this end, the start-up is developing a holistic financial platform that empowers its user:s to take their finances into their own hands.
  • The Munich-based FinTech start-up was founded in 2020 by Maximilian Klinke and Christian Maksymiw. In March 2021, their app went online for the first time. Since then, it has already convinced several thousand users with its microinvesting approach via rounding up.
  • So far, Pigtie has financed itself through funding programs and its own initial sales.

Pigtie, a smartphone app for iOS and Android that empowers people to take their finances into their own hands, raises a six-figure pre-seed investment. Several well-known business angels with finance and FinTech backgrounds are investing in the startup. The new capital will be used primarily for the further development of the app. The team's big vision: to become a lifelong companion for the personal finances of its users. In addition, the investment will be used to expand the Pigtie community.

From a microinvesting tool to a holistic financial platform With Pigtie, users can easily start investing and take personal finances into their own hands. "Our main target group is students and young professionals between the ages of 18 and 32. Regardless of age, however, Pigtie helps everyone who wants to finally implement their financial planning in a contemporary and independent manner," explains CEO and co-founder Maximilian Klinke. Pigtie positions itself as a gateway, concrete savings tool and knowledge platform for individual financial planning. So far, the app has been particularly convincing with its intuitive and free round-up service. This is a microinvesting tool that effortlessly introduces users to the world of capital markets by regularly investing penny amounts. "Pigtie Lessons, a knowledge platform integrated into the app, helps users become financial professionals step by step. Currently, users can already integrate existing bank accounts in the app and open a new one or connect to an existing deposit account. For the future, Pigtie aims to enable a holistic financial overview in the app and thus provide the "financial home" for users.

Big plans with the investment

"We have proven to empower our user:ins to deal with their personal finances in a contemporary way, to look beyond outdated financial products and to discover the capital market for themselves in a playful way. Through the successful financing round, we have shown that our vision not only convinces several thousand users, but also renowned investors. With the capital we have now raised, we will implement a complete redesign of the app, develop further features and offers within our app, as well as expand our community," says Klinke about the current plans for the FinTech start-up.

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