Cologne-based startup NX Technologies raises 5 million euros in seed financing round

In the current financing round, the Cologne-based startup raised over five million euros at the end of 2021. The round was led by embedded/capital, the new fund from Finleap makers Ramin Niroumand and Michael Hock, as well as Marco Schnabl, the entrepreneur and co-founder of AutomotiveMasterMind, who is particularly successful in the US market.

“With the payment platform bezahl.de, NX Technologies has solved a real pain in the automotive environment and discovered enormous growth potential — both in other markets and in product expansions such as BNPL. The excellent combination of payment and automotive know-how within the team and shareholder group creates the ideal basis for a major success story. We're looking forward to taking the next steps with the team!”, says Michael Hock about the collaboration.

The investors complement a top-class shareholder group of industry and investment experts such as Rolf Christof Dienst (Founder of Wellington Partners), Carlo Kölzer (Founder and CEO of 360T), Kai Siersleben (Managing Director at Copart Deutschland GmbH, formerly CEO Autoline and Control€xpert), Dr. Gerhard Cromme (including Chairman of the Supervisory Board of AUTO1 Group SE) and Carl-Peter Forster (former board member of BMW AG, Chief Executive Officer of Adam Opel AG, President of General Motors Europe and Group CEO of TATA Motors).

“As an investor from the very beginning, we recognized the potential of the team and the bezahl.de product early on and followed the company's great development up close. We are all the more pleased about the addition of other top investors from the FinTech sector, who will be very valuable for the company's upcoming big steps!”, affirms Rolf Christof Dienst.

bezahl.de sets new standard for payment management in the automotive sector

bezahl.de automates, digitizes and simplifies the entire process from payment request to posting in its clients' financial accounting system. In the automotive environment, the platform, with its holistic and vertical solution approach, has already become the industry standard for receivables and payment management. Leading industry players such as AVAG Holding SE, Sixt Leasing and the Beresa Group already rely on the innovative solution from bezahl.de. With a market share of around 50% in the top 100 segment of the German automotive trade and prominent recommendations from the VW, Mercedes-Benz, BMW and Toyota partner association, among others, bezahl.de is now also receiving an increasing influx from other high-volume industries with individual payments and debtors. Since the product went live in 2019, over 200,000 car sales and workshop runs with a volume of over 3 billion euros have already been managed via the innovative platform.

“With funding from world-class investors, we see ourselves confirmed in our mission to set the standard for payment management and prepare our innovative platform for expansion to other verticals and countries. We will use the funds from the oversigned round to strengthen our pole position in the automotive sector and introduce an embedded buy-now-pay-later (BNPL) product. ”,

say the founders of NX Technologies, Lasse Diener and Ulrich Schmidt.

About bezahl.de and NX Technologies GmbH

‍bezahl.de is a technology-driven platform for holistic payment and receivables management, which is developed and operated by NX Technologies. The digital solution currently consists of five integrated modules that holistically optimize their customers' payment processes, from payment requests to payment reminders. For example, bezahl.de enables the automated sending of digital payment invitations and confirmations, the offer of various multi-channel payment methods, a live payment status for all receivables and a new technology for 100% allocation and accounting in existing FiBu and ERP systems. In addition, individually bookable add-on solutions such as a money laundering prevention check and automated receivables management ensure a holistic overview of the entire claims process.

All modules benefit from strong accounting automation with a reliable interface to financial accounting software and common dealer management systems (DMS) such as easy-car-sales, Loco-Soft or GeneSys. bezahl.de gives finance departments a real-time overview and control of all receivables and strengthens productivity throughout the company. The FinTech, headquartered in Cologne, has been working since mid-2018 with a team of now over 70 financial and software experts on the solution for holistic payment management. The company was founded by Lasse Diener and Ulrich Schmidt.