German fintech-focused company builder finleap has raised a €41.5 million funding round led by the Global Voyager Fund, the venture arm of the Chinese insurance giant Ping An. The deal marks Ping An's first European investment.
Finleap is planning to use the money to expand across Europe and grow in the locations 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 the blockchain and AI spaces “where Ping An can be a great partner.”
“We try always to put money to work where we have a significant conviction that some way, somehow by virtue of proximity to Ping An, we're going to be adding a lot of value to a partner company," said Donald Lacey, managing director and COO of Ping An Global Voyager. After the deal is closed, Lacey is to assume the role of chairman of finleap's advisory board.
In the photo: finleap CEO Ramin Niroumand speaking at the opening of Fintech Hub H:32 in Berlin / Image credit: Sascha Hilgers