ThinxNet GmbH
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ThinxNet GmbH - overview
Established
2014
Location
Munich, -, Germany
Primary Industry
Financial Services
About
Founded in 2014 and based in Munich, Germany, operates an online application that allows users to pay online when refueling at the gas pump. The company was co-founded by Oliver Goetz and Moni Malek, and as of September 2021, ThinxNet GmbH has 3000 partner service stations across seven countries and partners with Mastercard and several car manufacturers provide access to over 100 million customers. In September 2021, ThinxNet GmbH received EUR 10 million in venture funding from BP Ventures. The company provides a cloud-based online application called Ryd that allows users to find the cheapest petrol station in their area and pay it online while accumulating cash rewards.
The company's revenue is generated from paying online and partnering with other gas stations, cash register systems, car wash, app, or fleet cards. ThinxNet GmbH will use the September 2021 funding to strengthen its market position, grow into new international markets, and further build its offering.
Current Investors
BP Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial, Analytics & Performance Software, Application Integration Software
Website
https://de.ryd.one/ryd-pay/
Verticals
Artificial Intelligence, Cloud Computing, FinTech, FinTech, Mobile Apps
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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