Airbank” becomes “Friday Finance”: Similar to some other fintechs, the word “bank” disappears from the name. Most recently, Solaris deleted this addition from the company name, as did Railsr (formerly Railsbank) and Tuum (Modularbank).
The re-branding is intended to illustrate the added value that the Friday Finance platform brings to customers. Thanks to the automation of manual financial processes, companies save at least one day per week.
The new name was developed with the support of the branding agency Koto, which has already carried out projects for companies such as Sonos, Uber, AirBnB, Nike and Netflix.
Following a “Series A” funding round of more than $20 million this summer, the fintech continued to develop its service. It added pre-invoicing, liquidity planning, bill payment and financing applications to its product offering, among others.
Meanwhile, 60 employees, half of them in Berlin, are working on the further development of the product range – and on expansion. Although the focus is currently on Germany, entry into other markets is planned.
About Friday Finance:
Founded by Austrian Christopher Zemina and Patrick de Castro Neuhaus, Friday Finance’s vision is to create a unified financial management system for startups and SMEs. Specifically, to save SME entrepreneurs time and money in the area of liquidity planning and “multibanking”. The Berlin-based startup has an office in Vienna and is now changing its name to Friday Finance.