Airbank raised $20 million in a Series A funding round led by Molten Ventures.

Airbank, a Berlin, Germany-based startup building a B2B SAAS for finance teams, raised $20 million series A equity funding round.

The money was raised from investors led by Molten Ventures from London, joined by existing backers French Pia d'Iribarne and Jean de la Rochebrochard at New Wave, Speedinvest and Entrepreneur First, as well as by Bruce Wallace (Strategic Advisor at Brex), Guillaume Cabane (Strategic Advisor at Ramp), and Axel Wieandt (Senior Advisor at Jefferies)

Airbank was incubated in 2020 at Entrepreneur First in Berlin by CEO Christopher Zemina (former Speedinvest employeee) and Patrick de Castro Neuhaus and is developing a multi-banking software management tool for companies. The tool is specifically targeting small and medium sized businesses, with a bank account aggregation, cash flow management, multi-user permissions, and single sign-on capabilities. It says it interfaces with 2,000 banks in the European Union and the UK including Deutsche Bank, Commerzbank, Sparkassen and Volksbanken, and all major neobanks.

Airbank previously raised a €2.5 million investment round backed by scouts from Accel and Sequoia, and was initially pre-seeded by Speedinvest.