Mobiko to raise funding from Baloise.

Mobiko, a Munich, Germany-based software developer of a digital platform that allows employers to manage the travel needs of their employees, announced getting into an investment agreement for raising more capital.

The deal, which, was made with the Swiss insurance company Baloise and with Startup Family Office from Germany.

Financial details were not disclosed.

Mobiko (short for 'Mobilitätskontingent' - travel allowance), founded in 2018 by Audi Business Innovation and the company builder mantro and led by Nicola Büsse, developed a B2B SAAAS platform that allows employers to manage the travel needs of their employees, who receive a flexible monthly travel budget that they can use according to their individual requirements.