A Wealthtech Startup in Germany to Offer Mobile Phone Plans – Fintech Schweiz Digital Finance News

The family-focused fintech Bling and Telekom companion to launch Bling Cell.

18 months after its launch, the Berlin-based Fintech counts over 50,000 households on its platform.

Within the midst of the ‘funding winter’ a yr in the past, Bling raised thousands and thousands from famend traders similar to La Famiglia (Normal Catalyst), PEAK, and Ben Tellings, former CEO of the German ING department.

Bling is designed as a household platform, permitting youngsters and oldsters to handle and make investments their cash with the Bling Card and App, in addition to set up their family.

Bling Cell is the primary cellular product within the European Union particularly designed for households, together with revolutionary little one security capabilities and content material to advertise media literacy. Bling’s integration of a telco tariff portfolio inside its app, enriched with parental management functionalities, displays a strategic transfer in the direction of a extra holistic family-oriented platform.

Cell digital community operators on the rise

The partnership with Telekom, the biggest telco supplier in Europe, showcases the potential for Cell Digital Community Operators (MVNOs), highlighting the intersection of fintech and telecommunications for a profitable enterprise proposition with comparatively increased margins than within the B2C fintech sector.

Bling’s enterprise into cellular communications faucets into the rising recognition of e-SIMs, offering customers with seamless connectivity choices. This strategic shift additionally addresses the altering dynamics inside the fintech sector. Bling advantages from serving the primary contact factors that oldsters get for his or her youngsters: the primary checking account, the primary funding and now the primary SIM card, implying a multi-billion TAM.

Nils Feigenwinter

“With Bling Cell, we make the following step in increasing to a holistic household platform. From managing pocket cash, facilitating easy mum or dad investing, and organizing households’ duties, we now streamline cellular communication for households”

– explains Nils Feigenwinter, CEO and co-founder of Bling.