FinLab : investment kapilendo secures renowned investor Axel Springer and finalizes Series B financing round
July 11, 2018 at 08:05 am EDT
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DGAP-News: FinLab AG / Key word(s): Miscellaneous
FinLab investment kapilendo secures renowned investor Axel Springer and finalizes Series B financing round
11.07.2018 / 14:00
The issuer is solely responsible for the content of this announcement.
Berlin/Frankfurt, 11 July 2018 - The Berlin-based FinTech startup kapilendo (www.kapilendo.de), a holding of Frankfurt-based FinLab AG (ISIN: DE0001218063; ticker: A7A.GR), announces the successful conclusion of the Series B financing round. Together with the existing shareholder, the Berlin Dental Association pension fund, the new investor, Axel Springer Media for Equity GmbH, is investing 6 million euros in the company. Following the early phases of financing in 2015 and 2016 in the low 7-figure millions and the first part of the Series B round at over 7 million euros in 2017, the second part of the Series B round concluded with a total of 13 million euros.
Christopher Grätz, Co-founder and CEO of kapilendo, commented: "We are pleased that kapilendo was able to earn the confidence of an additional distinguished investor. With the successful conclusion of the Series B round, we have achieved the next important milestone in our success story. We continue to focus our highly scalable business model on dynamic growth in Germany and on expanding our range of products through the application of the latest technologies.
From the launch of the kapilendo platform in 2015 up to 30th of June 2018, kapilendo received roughly 9000 enquiries for loan projects, with a total volume of more than 1.5 billion euros. During this period, a total of 114 loans were facilitated through the kapilendo platform, with a total volume of more than 30 million euros. In the first six months of 2018, brokered loans had an average volume of approx. 330,000 euros, an average interest rate of around 8%, and an average maturity of about 3 years. Since its founding, kapilendo has become one of the top 3 platforms on the market for lending to SMEs via online credit marketplaces.
About kapilendo AG:
kapilendo AG is a full-service provider in the field of corporate financing. Both established growth companies and small to medium-sized companies gain access to subordinated capital and classic loans through private and other investors. The company is headquartered in Berlin and was founded in January 2015. Principal shareholders in kapilendo AG are Comvest Holding, FinLab AG, Engel & Völkers Capital, the Berlin Dental Association pension fund and a variety of prestigious business angels.
Press contact:
kapilendo AG
Hanna Dudenhausen
h.dudenhausen@kapilendo.de
www.kapilendo.de
Phone: +49 30 364 2857-0
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest company builders and investors focused on the Financial Services Technologies ("FinTech") sector in Europe. FinLab focuses on developing German FinTech start-ups and providing venture capital for their financial needs, whereas in each case the aim is a long-term participation and ongoing support of the investment. FinLab also invests globally, as part of venture rounds, in FinTech companies, primarily in the USA and Asia.
11.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Finlab AG, formerly Altira AG, is a Germany-based investment company engaged in the building of companies in the financial services technologies (fintech) sector. It focuses on developing German fintech start-ups, as well as provides venture capital in a form of long-term participation and ongoing support of the investment. Additionally, the Company is engaged in venture deals, such as seed- and follow-on rounds for fintech companies in Germany and abroad. It also invests in venture founding rounds, primarily in companies located in the United States and Asia. Its portfolio includes nextmarkets GmbH, a company operating e-learning platform for global investors.
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