Vantik is a Berlin-based fintech that works on solutions for private retirement provisions. Now, the startup raised a new funding round. Amongst the investors is the family office of Austrian billionaire Wolfgang Leitner.
Digital savings solutions, cashback debit card introduced in 2021
Vantik intends to support and encourage people to privately save for their pensions. The startup was founded in 2018. In 2021, Vantik introduced a debit card that offers a 1% cashback. Through the cashback payments, Vantik customers automatically save for their pension via ETF saving plans. Thereby, Vantik wants to drive more savings to their platform. Last year, founder Til Klein complained in an interview about too high customer acquisition costs and a too long time until the first savings of customers.
Austrian Wolfang Leitner single family office Custos Privatstiftung as investor
According to Gründerszene, the recent Pre Series-A funding round came with a dilution of the shares of the founding team. Klein’s share in the company dropped from 37.5% to 17.1%. The leading investor in the recent funding round was the Custos Privatstiftung, the family office of Austrian billionaire Wolfgang Leitner. Leiter is the founder and CEO of machine engineering company Andritz. Further existing investors like Atlantic Labs, STS Ventures and the founder of N26, Max Tayenthal, also re-invested in Vantik.
Source: Gründerszene, 19.04.2021
Picture Source: Paul Felberbauer
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