TEL AVIV May 9 Zurich-based Centralway Numbrs,
a mobile app for banking and personal finance operating in
Germany, has launched a distribution platform enabling banks to
offer financial products such as loans and credit cards.
Centralway said on Tuesday its Numbrs Store is Germany's
first financial products distribution platform run independently
of a bank. Banks can integrate their products into the platform
While banks have long developed their own apps, Centralway
aggregates all of a user's accounts, allowing them to be managed
together. The app manages 1.5 million bank accounts.
Martin Saidler, the firm's founder and chairman, told
Reuters Centralway will soon launch in the UK after completing a
Saidler holds 70 percent of Centralway, which has raised
$125 million from private investors in Europe and Israel and
from the Investment Corporation of Dubai.
Deutsche Postbank, norisbank and Sud-West-Kreditbank are
among lenders working with Centralway.
(Reporting by Tova Cohen)