Million investment for Annanow
Andreas Buhl, CEO of MSS Holding AG, invests a single-digit million amount in Switzerland's leading online brokerage platform for express courier services, insurance and payment systems. The rapidly growing fintech startup Annanow has thus found a prominent backer and is expanding its services in Switzerland, Germany and Austria.
The website www.annanow.com consists of an online brokerage platform for express courier services as well as connected insurance services and payment solutions. Founded in March 2017, the Fintech company is already spearheading digital transformation in the delivery business. With over 5,000 stores and around 100,000 cabs and bike couriers, Annanow ensures instant deliveries in 10 to 60 minutes - all via an app. All couriers are socially insured and local businesses and jobs are secured.
Striking a chord with the times
"Annanow strikes a chord with the times," says Andreas Buhl, explaining his lead investment and emphasizing: "Wholesalers and local businesses receive the fastest and cheapest delivery service in Switzerland on just one app. The highlight: Annanow determines the geographical availability of products for each order and enables local delivery via the crowd-based supply chain by activating transport participants already available on site, such as cabs, bike couriers and private individuals. Distances become so short that deliveries can even be made on foot or by streetcar.
Fighting Amazon and Alibaba with a multi-million investment
An innovative and environmentally conscious concept that also convinces investors. Serial entrepreneur Andreas Buhl developed over 20 business units himself and is investing a single-digit million amount in the innovative startup as of June 2019. Commenting on his commitment, Buhl says: "Annanow has recognized the needs of consumers, SMEs and wholesalers: Instant gratification through delivery under 60 minutes, easing the burden on our roads by reducing inter-regional transport movements and the associated benefits for our environment. Networking Swiss SMEs, retailers and traders also creates a national distribution structure that can win the battle against Amazon and Alibaba."
Tailwind for further expansion
With his million-dollar investment, Andreas Buhl is sending a clear signal of his confidence in the innovative strength of the young Swiss startup. Patrick Keller, CEO of Annanow, is delighted: "With the financial investment by Andreas Buhl, our company is getting a strong tailwind. This allows us to push Annanow faster throughout Switzerland and to tackle our rollout in Austria and in Germany. Of course, we are still looking for investors to make the market even more efficient."
