ProSiebenSat1-backed banking and loan management app developer Numbrs has raised $40m at a valuation of more than $1bn and will now expand across Europe.

Numbrs Personal Finance, the Switzerland-based personal financial management app developer backed by media company ProSiebenSat.1, has received $40m from unspecified existing and new investors, Bloomberg reported today.

The round valued Numbrs at more than $1bn and brought its overall funding to almost $200m, chief executive Martin Saidler told Bloomberg.

Founded in 1999, Numbrs operates a machine learning-powered app and online marketplace where customers in Germany can synchronously manage multiple bank accounts while comparing and accessing financial products from a range…