Berlin-based fintech start-up remind.me secures seed financing
May 24, 2018
High-Tech Gründerfonds (HTGF) and other business angels are investing almost EUR 1 million in total in remind me GmbH. The company, which provides a reminder and optimisation service for all types of contracts and insurance policies, is set to invest the money in refining its platform and expanding collaboration in Germany.
Berlin-based fintech start-up remind.me provides users with a convenient reminder and optimisation service for contracts and insurance policies. It has all bases covered, including electricity, gas and mobile phone contracts, as well as car insurance. The message for users is clear: “Forget about cancellation deadlines. Leave it to us.” remind.me sends users reminders so they don’t miss a cancellation deadline, while also providing tailored recommendations for switching tariffs or suppliers.
The idea came from the company’s founders, Daniel Engelbarts and Christian Lang. Prior to remind.me, they successfully founded Sparwelt.de, a savings portal for deals and coupons that they sold to RTL at the end of 2014. By launching remind.me, the two founders are looking to put an end to the contract chaos once and for all, driven by their primary goal of saving people money.
Daniel Engelbarts, co-founder of remind me GmbH: “In Germany, nowhere near enough of us regularly review our contracts and get better deals. On average, households pass up on savings of EUR 1,700 per year in the five main categories alone. With remind.me, we are looking to put a stop to this and help put more money back in people’s pockets.”
For electricity and gas, remind.me even provides a fully automatic switching service, enabling users to benefit from the annual savings of moving to a new supplier or tariff – without the hassle of having to do so every year. The entire optimisation service is free of charge for all users at all times.
The start-up commenced operations in early 2017 and its revenues are already in six-figure territory. remind.me will use the funding to expand its team and further develop its technological platform.
Simon Math, the HTGF investment manager responsible for remind.me, explains: “An experienced team that works well together – this is something that particularly impressed us. The substantial and tangible added value generated for users, as well as its growing relevance, are aspects that we find especially interesting, and we look forward to supporting the team as they tap into this major market.”
remind.me will have its own booth at this year’s HTGF Family Day in Bonn on 29 and 30 May
About remind me GmbH
remind.me was founded by Daniel Engelbarts and Christian Lang in Berlin in 2017. The B2C platform enables users to set timely reminders for all types of contracts, while also giving them the chance to get better deals. The 11-strong remind.me team has already secured its first collaborations with partners, including Viessmann, Burda and Ströer.
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start-ups. With EUR 886 million in total investment volume across three funds (EUR 272 million in HTGF I, EUR 304 million in HTGF II, and a targeted volume of EUR 310 million for HTGF III) and an international network of partners, HTGF has already helped forge close to 500 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and start-up experts help guide the development of young companies. HTGF focuses on high-potential start-ups active in the sectors of software, media, internet, hardware, energy and automation, life sciences (medical technology, diagnostics, biotechnology) and chemicals.
To date, external investors have injected over EUR 1.5 billion into the HTGF portfolio via more than 1,200 follow-on financing rounds. HTGF has also successfully sold interests in more than 90 companies. Investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Energy, the KfW Banking Group and Fraunhofer-Gesellschaft e.V. as well as a number of well-known companies including ALTANA, BASF, B.Braun, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik and WACKER.