Balancing Growth and Control: How amnis Combined Debt and Equity to Secure CHF 10 Million
Zurich-based fintech AMNIS Treasury Services AG (amnis) was founded in 2014 to reshape international banking for companies. Today, it serves over 3,000 companies from 35 countries and plans to expand operations into additional European markets.
A Bold Vision for International Banking
Back in 2014, Amnis Treasury Services AG (amnis) was founded with a clear mission: to revolutionize international banking for SMEs. What started as a fintech challenger in Zurich has since grown into a trusted financial platform, serving over 3,000 businesses across 35 countries. With a streamlined multi-currency solution, amnis enables companies to scale globally by reducing transaction costs, simplifying team expenses, and automating accounting tasks.
Over the last decade, client adoption has surged, services have rapidly expanded, and the platform’s growth momentum continued to accelerate. In the past year alone, payment volumes have more than doubled, largely driven by the success of its debit card and expense management features. The company was at a pivotal moment. Growth was predictable, but scaling further required more capital.
The Growth Challenge: More Capital, Less Dilution
Scaling requires significant upfront investment, especially when expanding into new markets and enhancing product capabilities. After securing a Seed Round in 2020 and a Series A in 2022, backed by top-tier investors like Lansdowne Partners and Spicehaus Partners, amnis had proven its ability to scale efficiently. However, maintaining this trajectory required a more flexible and efficient financing strategy. The leadership team, led by Michael Wüst (Co-Founder & CEO), Robert Bloch (Co-Founder & COO), and Philippe Christen (Co-Founder & CFO), knew they had to secure additional capital, but not at the cost of excessive dilution.
The Solution: A Smart Combination of Debt and Equity
With a solid track record of customer acquisition, retention, and operational excellence, amnis was in an ideal position to leverage debt.
In line with amnis’ strategic financing goals, Lendity provided a CHF 2 million debt facility that enabled the company to accommodate its growing working capital needs, ensuring it had the resources to sustain its momentum. This approach allowed amnis to complete a CHF 10 million Series B round while maintaining a clear and focused funding strategy.
"We are thrilled to support amnis in their next phase of growth. With strong traction, a loyal customer base, and a top-tier team, amnis is well-positioned to scale its reach and drive future innovation," says Rafael Karamanian, Founding and Managing Partner at Lendity.
Alongside Lendity, Swisscom Ventures, one of Switzerland’s leading venture capital firms, joined the round, further validating amnis’ strong fundamentals. The company’s solid financial metrics, operational maturity, and remarkable traction allowed it to secure debt efficiently while diversifying its funding sources.
"We are thrilled to support amnis in their next phase of growth. With strong traction, a loyal customer base, and a top-tier team, amnis is well-positioned to scale its reach and drive future innovation."
Rafael Karamanian, Partner at Lendity
A Strategic Move for Long-Term Growth
By combining debt with equity, amnis managed to mitigate dilution while securing the full amount sought, setting itself up for long-term, sustainable growth. As Co-Founder & CEO Michael Wüst puts it:
“We deliberately chose an investor structure that aligns with our long-term strategy. Looking ahead, we plan to further expand our presence across Europe and enhance our offering with e-commerce capabilities, embedded card solutions, and deeper integrations with accounting and ERP systems.”
This strategic funding approach ensures that amnis can continue empowering internationally scaling companies with seamless, cross-border financial solutions, helping businesses grow beyond borders while maintaining financial agility. With the right capital structure in place, amnis is now poised to accelerate its European expansion and further enhance its platform to meet the evolving needs of global businesses.
"We deliberately chose an investor structure that aligns with our long-term strategy. Looking ahead, we plan to further expand our presence across Europe and enhance our offering with e-commerce capabilities, embedded card solutions, and deeper integrations with accounting and ERP systems’’
Michael Wüst, co-founder and CEO @ amnis
Backed by leading investors
About amnis
Founded in 2014 in Zurich by Michael Wüst (CEO), Robert Bloch (COO), and Philippe Christen (CFO), amnis is a fintech company dedicated to facilitating international business for SMEs – a sector with vast potential that is often underserved by traditional banks. amnis brings global transaction banking to SMEs across Europe, including transparent currency exchange, cross-border and local payments, real-time transfers, and local accounts in Switzerland, Germany, Great Britain, and the US. Its multi-currency debit cards provide businesses – ranging from SMEs to multinational teams – with a seamless way to manage global expenses and settle transactions in any currency.
The company has continuously enhanced its core product, fast-tracked digital onboarding and card issuing, and launched a mobile banking app in 2024, marking the beginning of a new era in providing seamless, on-the-go financial solutions.
About Swisscom Ventures
Swisscom Ventures advises investment funds for Swisscom and institutional investors totalling USD 650 million. These funds invest in minority stakes in Swiss and international start-ups. Since 2007, Swisscom Ventures has invested in over 80 such start-up companies and has managed to sell almost 40 investments at a profit after an average of six years. The investment team works closely with its Swisscom colleagues in the various divisions, relying on Swisscom’s market-leading expertise in digital transformation.
About Lendity
Lendity is a Swiss-based provider of growth capital for the tech industry, enabling growth-stage companies to access debt financing without requiring equity dilution. Founded in 2018, Lendity has invested more than CHF 100 million to date. By bridging the funding gap for scale-ups, Lendity supports capital-efficient growth and empowers founders to maintain control over their businesses.
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