Germany’s Moojo raises $2m in its pre-seed

German FinTech company Moojo has reportedly raised $2m in its pre-seed funding round.

The round was backed by APX, Helvetia Venture Fund, MS&AD, neoteq Ventures and Red Swan Ventures, according to a report from The Paypers.

With the fresh capital, the company plans to launch insurance and lending products.

Moojo was created to help freelancers and creators streamline their invoicing process to get paid faster. Its app enables the automation of invoices and edits, as well as meet German regulatory requirements.

Consumers can join the waitlist for the app, which will be available on Android and Apple phones.

Germany dominated the big FinTech deals recorded by the DACH region in 2021. The country was responsible for seven of the region’s biggest investment rounds.

The biggest investment round was closed by digital bank N26 and retail investing app Trade Republic, which both secured $900m in funding.

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