We are pleased and proud to announce a new investment this week. We are thus taking an important step towards digital platforms and also demonstrating the future orientation of the Cooperative Financial Network.
Volksbank Mittweida eG has together with Berliner Volksbank eG, Hannoversche Volksbank eG, Raiffeisenbank im Hochtaunus eG, DZ BANK AG, the IT service provider Atruvia AG and the cooperative SME financier VR Smart Finanz, launched the FinCompare credit portal. taken over. An important step for the Cooperative Financial Network!
FinCompare is a comparison portal that provides small and medium-sized enterprises with digital access to loans from banks and other financial service providers. The Berlin-based FinTech specializes in the comparison and B2B brokerage of Financing solutions for SMEs, financing advisors and banks. The online platform gives companies easy access to the finance they need from more than 250 financial service providers. In addition to loans and overdraft facilities, leasing and other special financing is also available. A further advantage is that FinCompare's fast loan processes also allow small-volume loan requests to be processed efficiently. The acquisition of FinCompare expands the service portfolio towards corporate clients and relies on scalable platform technology. VAD Beteiligungen GmbH will involve further investors from the Cooperative Financial Network as part of the growth financing.
"We anticipate strong growth in the platform business for brokering SME financing, similar to the development in construction financing. We want to participate in this future market in the long term."
Andreas Laule, Managing Director of VAD Beteiligungen GmbH
FinCompare will continue to operate independently after the acquisition under the leadership of the existing management team and will retain its existing brand identity. The marketplace will continue to be aimed at existing and new brokers and financing providers. All savings banks and banks already connected can continue to operate as usual.
IEG - Investment Banking Group, KLGates and EbnerStolz advised the shareholders of VAD GmbH on this acquisition.
We are delighted to be part of this team and are convinced that it will become a great success story.
