International financial services company Admiral Markets AS invested €150,000 in Bankish, a digital solutions provider to the financial sector. This investment was made to support Bankish's growth and expansion to new markets.
According to Sergei Bogatenkov, Chairman of the Management Board of Admiral Markets AS, Bankish is in the market a distinctive fintech that assists financial companies in digitalisation of the loan portfolio management and development. "This partnership with Bankish aims at supporting the company's faster growth and expansion to new markets, in order to provide suitable solutions to smaller market participants in Estonia and abroad," Bogatenkov noted.
"Digital solutions by Bankish are assisting financial companies in improving the efficiency of deposit and loan management and customer communication, to integrate the opportunities offered by open banking while responding to growing regulatory demands," commented Andrus Alber, one of Bankish's founders. According to Alber, Bankish's loan management software is aimed at financial companies who want to offer their customers digital solutions, but for whom other offerings in the market are either too expensive or where 90% of functionality is unnecessary for them.
Bankish AS is an Estonian fintech company with a team boasting previous experience in companies like Nasdaq, Microsoft, Tieto, Swedbank, Telia and others. Bankish offers easy-to-use and highly efficient deposit and loan management software with automated e-self-service to financial companies of varied sizes. Bankish products cover many financial services, such as secured and unsecured loans, business loans, deposits, etc. More information about the product can be found at www.bankish.eu.
In current financing round, Bankish secured convertible loans in total for €300,000.
In October 2018, Admiral Markets AS invested in another fintech, crowdfunding platform Fundwise.
For additional information:
Head of Communication
Admiral Markets AS
Tel: +372 5341 3764
About Admiral Markets
Admiral Markets is a leading online Forex and CFD trading provider. In addition to a wide range of financial instruments, Admiral Markets offers free educational materials, including analytics, webinars and seminars.