Entertainment · TV & Streaming · 7 hrs ago

Steffen Baumgart backs fitness app on 'Die Höhle der Löwen'

Steffen Baumgart backs fitness app on 'Die Höhle der Löwen'

Former football coach Steffen Baumgart appeared on German TV show Die Höhle der Löwen to support move2pay, a fitness app created by Mia and Karim Allouche.

The app links to health and fitness services, records activity such as steps and workouts, and turns it into credit for discounts at partner businesses.

Users still have to pay part of the price, a detail investor Frank Thelen said the founders had not made clear enough.

The founders asked for €350,000 in exchange for 10% of the company, valuing it at €3.5 million.

Thelen criticised the presentation but invested for a 20% stake, while other investors were less concerned about the discount model.

Baumgart, who left Union Berlin after being put on leave, appeared as a brand ambassador rather than as a coach; the sources give no details of his next coaching job.

3 sources

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What people are saying

Steffen Baumgartmove2pay brand ambassador
Ich mache das aus voller Überzeugung. Mir geht es darum, so viele Menschen wie möglich zu motivieren, sich zu bewegen.
via Sport Bild
Frank ThelenInvestor
Ihr habt das total falsch dargestellt.
via Kölner Stadt-Anzeiger
Das finde ich nicht okay.
via Kölner Stadt-Anzeiger