Optiopay secures funding from NN Insurance and existing investors

Optiopay, a Berlin, Germany-based payment processor supplier, announced closing in a new financing round.

The money was raised from the insurance company NN Group and included participations from the existing investors Main Incubator (Commerzbank), Berlin Ventures, NJF Capital, Dieter von Holtzbrinck Ventures as well as angel Carlo Kölze.

The money will be used for further growth, especially in the areas of marketing, sales and technology.

Optiopay, founded in 2014 by Marcus Börner and Oliver Oster, acts as a service provider for other companies: If an insurance company pays out an amount to its customers in the event of a claim, they can receive their money with the help of Optiopay in the form of a voucher. For example, 100 euros can be converted into a voucher value of 120 euros.

Optiopay has two sources of revenue. On the one hand, there are the commissions for the vouchers from the online shops. According to the start-up scene research from last year, however, the margin here is relatively low. The more important source of income is the fees that corporate customers pay the startup to provide the service. In addition, Optiopay has expanded its portfolio with an open banking application.