main incubator, High-Tech Gründerfonds, Plug and Play and Sparkasse Bremen invest in Hamburg based Fintech startup Etvas

Press release from main incubator, 01.03.2021

  • Etvas provides a B2B2C marketplace for value-added services, helping companies to optimize customer touchpoints to drive better monetization and boost retention.
  • main incubator, the early-stage investor of Commerzbank Group, High-Tech Gründerfonds, Silicon Valley based early-stage investor Plug and Play, and Sparkasse Bremen invest a seven-digit amount in the Hamburg-based Fintech startup.

Berlin / Bremen / Frankfurt am Main/ Hamburg / Silicon Valley, 01.03.2021: Together with High-Tech Gründerfonds, Plug and Play, and Sparkasse Bremen, main incubator participated in a seed round of the FinTech startup Etvas, and invested a seven-digit amount.

Founded in 2019, Etvas provides a customer engagement platform for value-added services, which will initially be available for the banking and insurance industry. This platform serves as a B2B2C marketplace, on which companies can offer for purchase their value-added services, i.e. such services that go beyond the usual core business of the respective corporate customer.  Connected via a simple API connection and adapted to their respective corporate identity, this platform solution can be easily integrated only within a few days into any website, app or any other distribution channel used by the corporate customer. By using this platform, companies can optimize their end-customer touchpoints to optimize monetization and boost retention.

Sören Timm, CEO of Etvas, says: “We are looking forward to working with the early-stage investor main incubator, which focuses particularly on tech start-ups with a sustainable business model, both in economic and socio-ecological terms. In this investment portfolio, we feel understood and effectively supported as a FinTech startup with an innovative but at the same time sound business concept”.

Launching their marketplace product within the banking and insurance industry, Etvas aims to also expand to other industries which are dominated by commodity products in the long run.

With their platform solution, Etvas helps companies the gain a decisive advantage over their competitors by enabling them to offer services, which are beneficial for customers.

“With their many years of experience in the IT and additional services sector, the founders of Etvas, Sören Timm as CEO and Ilie Ghiciuc as CTO, convinced us right from the start. Sören has gained experience in industry and sales, whereas Ilie brings deep knowledge of IT and digital product development to the leadership team. The know-how and experience that the two founders bring together convinced us as an investor and will certainly help position Etvas as a market leader in value-added products”, states Sebastian Scheib, Investment Manager at main incubator.

Alena Kretzberg, Divisional Board Member Digital Banking at Commerzbank AG, explains: “Against the background of strongly changing customer needs, banks in particular are looking for ways to differentiate themselves in markets with a high density of banks, such as in Germany, as their core products are usually very similar. With Etvas’s marketplace solution and the additional services offered there, banks as well as insurance companies now have the opportunity to present themselves to their customers with an expanded portfolio that offers benefits both to customers with attractive additional services and to companies through the possibility of better customer retention.”

Based in Hamburg, Etvas was founded by Ilie Ghiciuc (CTO) and Sören Timm (CEO) and already won Sparkasse Bremen and Deutsche Assistance as their first clients for their platform solution.