On January 12, 2022, Banxware GmbH closed the transaction. The company amended the terms of the transaction. The company received €10,000,000 in its second and final tranche bringing the total gross proceeds raised in the transaction to €14,000,000 from new lead investor Element Management LP, new investors D4 Ventures, Fin Venture Capital, LLC, Varengold Bank AG, High-Tech GrÜNderfonds Management Gmbh, Force Over Mass Capital LLP, VR Ventures Management GmbH, and a group of international industry experts in banking, payments and ecommerce including Jan Kaniess, Carl Frederic Zitscher, Alex Urdea, Paula Blazquez Solano.