Bankia S A : ‘Bankia Fintech Venture’ will co-lead the new round of financing for the Nemuru startup

• Nemuru's SaaS platform allows to generate loans of up to 30,000 euros at the point of sale, tailored to customers and in just three minutes

Bankia, through 'Bankia Fintech Venture', has led, together with InnoCells (Banco Sabadell), the new round of financing for Nemuru, through which the startup has attracted 2.6 million euros and in which national and international investors have participated.

Nemuru is a multi-financial technology platform that allows professionals in the services sector to offer instant financing to their customers.

The startup acts as an intermediary that allows companies and professionals within the service sales sector to offer immediate and flexible financing channels of up to 30,000 euros to their customers in less than 3 minutes and via mobile devices.

Bankia's corporate director of Innovation and Cybersecurity, Ignacio Cea, said that 'supporting a startup like Nemuru reflects our commitment to fostering an innovative culture and developing new services for customers'.

Supporting a startup like Nemuru reflects our commitment to fostering an innovative culture and developing new services for customers.

Ignacio Cea
Bankia's corporate director of Innovation and Cybersecurity

For his part, Pol Navarro, CEO of InnoCells, underlined that 'our commitment to Nemuru's technology platform reinforces Banco Sabadell's commitment to offering the best customer experience at the point of sale in multiple business sectors'.

In this 'Pre-Series A' round, the startup has used reference investors to scale its business model in Spain and begin its internationalisation process, through the reinforcement of its team and the launch of new products.

'Having the commitment of Bankia Fintech Venture, InnoCells and other benchmark investors reinforces our commitment to responsible universal financing at the point of sale. It is also a catalyst that will allow us to continue with a solid present and a very promising future: reinforcing the quality of the product and technology and having a stronger arrival on the market through investment in marketing and the integration of new financial partners on the platform', explained the CEO and co-founder of Nemuru, Pere Monràs.

Nemuru, which started operating in January 2019, has overcome the barrier of one million euros managed monthly and has obtained the trust of large customers such as Uponor, ISDI, Iron Hack and Nuclio Digital School, among others; and of various financial institutions.

'Bankia Fintech Venture'

In October 2019, Bankia launched 'Bankia Fintech Venture', an instrument to invest in fintech projects developed by financial sector startups. The startups operate in the fintech, legaltech, insurtech, regtech, proptech, data analytics and cybersecurity fields, as well as in financial transactions and brokering.

Bankia is using the initiative to encourage a culture of innovation and as a tool for providing startups with financing so that they can develop services related to innovation and technology.