18. September 2024

Investment in a digital future: Quinsol Software GmbH secures €350,000 for expansion in the FinTech sector

Quinsol Software GmbH

Magdeburg, 18.09.2024 – Quinsol Software, an innovative start-up in the FinTech sector, has successfully raised 350,000 euros in fresh capital in its latest financing round. The investment by bmp Ventures with the IBG funds enables Quinsol to accelerate the company’s expansion in the field of financial technologies.

Quinsol Software develops AI-driven solutions for bond trading and supports financial institutions in increasing their efficiency and significantly reducing costs. With extensive experience in the FinTech sector, Quinsol offers customized software solutions for the global financial market. The focus is on optimizing workflows and improving pricing in the $72 trillion bond market.

Ralf Henke, founder and CEO of Quinsol Software, is delighted with the success: “Thanks to the Gladiator program, we were able to attract an investor who shares our vision. With this start-up funding, we can drive forward our software development in the niche market and use innovative AI tools.”

Andreas van Bon, Partner at bmp Ventures: “With the investment in Quinsol Software GmbH, we have gained a founder and partner who has over 25 years of experience in this market segment and has already successfully founded and sold two start-ups in this sector.”

About IBG funds
The IBG funds, headquartered in Magdeburg, are the venture capital funds of the country of Saxony-Anhalt – they provide capital to young, innovative technology companies with sustainable and above average growth potential, based in Saxony-Anhalt. By the end of 2023, IBG launched the new venture capital fund, RKF IV, with a volume of 63 million euros. The fund is financed by the state and the European Union and invests in innovative startups in Saxony-Anhalt in the seed, early stage, and expansion. The IBG funds are managed by bmp Ventures AG.

IBG funds

 

About bmp Ventures
With a track record of over 250 investments across nearly all technology segments, mainly in the early-stage phase, bmp Ventures is one of the most experienced venture capital investors in Germany. In addition to direct investments, bmp managed venture capital funds for institutions such as the KfW Banking Group and DEG, the German Investment and Development Corporation. Currently, bmp oversees the IBG funds in Saxony-Anhalt and employs approximately 20 experts across its Berlin and Magdeburg locations.

bmp Ventures

 

About Quinsol Software GmbH
Quinsol Software is a new start-up that was founded 9 months ago and specializes in innovative software solutions in the field of bond trading. As a sister company of Quinsol Consulting, which has over 17 years of experience in technology development for investment banking, Quinsol Software benefits from both the extensive network and in-depth expertise of the founder. This combination of many years of know-how and an innovative approach gives the young company a decisive advantage in the market. A key component of the growth strategy is the partnership with TransFICC, an established London-based software provider that has been operating successfully for almost 10 years. The cooperation includes the distribution and integration of complementary software solutions.

Quinsol

Press contact

bmp Ventures AG
Josephine Gantze
– Marketing and Events –
Phone: +49 391 5328 140
jgantze@bmp.com