Danish fund Vaekstfonden invests in Kontist, Germany-based developer of a banking app dedicated to freelancers and founders

Kontist, a Berlin, Germany-based developer of a banking app dedicated to freelancers and founders, announced raising €2M ($2.3M) in funding. The money comes from Danish investors Founders and Vækstfonden and will be used to continue to develop its app for launching it in the market in 2017.

Kontist, founded in early 2016 by Christopher Plantener, Alexander Baatz, Sebastian Galonska and Madison Bell, aims to create a bank account for freelance businesses.

The company intends to implement high safety standards and never shares any of the user’s information without permission. All of the data is encrypted, and sensitive account actions (like wire transfers, or changing account information) are secured with two-factor authentication. Deposits are secured by the European deposit fund and are safe up to €100k, which is the standard for all European credit institutions.