Builder of German fintech-focused company Finleap has raised a € 41.5 million funding round led by Global Voyager Fund, the venture arm of Chinese insurance giant Ping An. The deal marks the first investment European Ping An.
Finleap plans to use the money to expand in Europe and grow where it already operates, such as Spain and Italy, the company’s CEO Ramin Niroumand said in an interview on CNBC. He also noted that finleap will focus on blockchain and AI spaces “where Ping An can be a great partner.”
“We always try to put money to work where we have an important conviction that somehow, somehow, by virtue of the proximity to Ping An, we are going to add a lot of value to a partner company,” said Donald Lacey, who manages Director and COO of Ping An Global Voyager. Once the deal closes, Lacey will take on the role of chairman of the finleap advisory council.
In the photo: finleap CEO Ramin Niroumand speaking at the H: 32 Fintech Hub opening in Berlin / Image Credit: Sascha Hilgers