German B2B fintech startup Bavest raises €1.1M in pre-seed funding: Know more

In the dynamic world of FinTech, Bavest, a Frankfurt/Munich-based B2B fintech company, has recently achieved a significant milestone by securing a successful pre-seed funding round of €1.1M. AlphaFund, known for partnering with venture capital firms across North America and interviewing founders from various industries, sat down with Ramtin Babaei, CEO and co-founder of Bavest.

In this exclusive interview, we explore the intricacies of their pre-seed funding success, the company’s objectives, and the future that lies ahead.

**Interview with Ramtin Babaei, CEO and Co-founder of Bavest**

**Q1:** Can you introduce Bavest and share what led to the successful closure of your pre-seed funding round?

**A1:** Bavest is a B2B FinTech company that aims to transform the financial world by enhancing transparency and efficiency through innovative infrastructure. We were successful in closing our pre-seed funding primarily because of our unique solution that offers access to diverse financial and alternative data, something that was previously unattainable.

**Q2:** Congratulations on raising €1.1M in your pre-seed round. How does this financial milestone align with your company’s goals?

**A2:** Thank you. This funding aligns perfectly with our goals. It will enable us to accelerate our product development, expand our sales activities, and solidify our position as a leading provider of financial infrastructure for businesses.

**Q3:** Who were the key investors or venture capital firms in this pre-seed round, and what drove them to invest in Bavest?

**A3:** Our round attracted notable backers like Bitpanda’s Christian Trummer, ReZoom Capital, Nautic Ventures, and others from leading consultancies and the fintech sector. They invested in Bavest, primarily driven by our innovative approach and their conviction that we can bring a transformation in the financial world.

**Q4:** Operating within the FinTech sector, how does Bavest aim to impact this sector?

**A4:** Through our innovative infrastructure, we aim to revolutionize the FinTech sector by providing access to essential information and analyses. Our services, including AI-as-a-Service, will empower asset managers to use AI for portfolio risk assessment and precise climate impact quantification.

**Q5:** With the pre-seed funding secured, what are the main objectives or plans for utilizing this capital?

**A5:** The funds will primarily be used to accelerate our product development as well as expand our sales activities. Furthermore, we aim to strengthen our position as a leading provider of financial infrastructure for businesses.

**Q6:** Could you share some significant milestones or achievements of Bavest that were pivotal in securing this pre-seed funding?

**A6:** Our pivot from B2C to B2B at the end of 2022 was a significant milestone that played a big role in securing the funding. Additionally, our ability to facilitate access to essential data and infrastructure for over 1.2 million end customers and managing €1B in assets were pivotal achievements.

**Q7:** How will the pre-seed round influence Bavest’s future plans and growth strategy? Are there any upcoming projects or directions that are now possible because of this funding?

**A7:** The pre-seed round will allow us to expand our technology platform and team. It has opened up new possibilities for us, and we’re now in a position to tailor solutions based on individual customer needs, further strengthening our market position.

Through this insightful conversation with Ramtin Babaei, it’s clear that Bavest is on a trajectory of growth and innovation, heavily fueled by their recent pre-seed funding. AlphaFund, with its extensive network of VC partnerships across North America, continues to spotlight the journeys of companies like Bavest, showcasing the vibrant landscape of opportunities and entrepreneurial spirit across the global FinTech industry.

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