The Munich-based company FinTecSystems raises seven-figure capital. New investors Ventech and LITTLEROCK are leading the financing round. Existing investors MenschDanke Capital and Heilemann Ventures are also back on board.
Founded in 2014, the startup offers banks real-time decision support for granting consumer loans. Previously, banks, financial services providers, and payment service providers often needed several days to complete creditworthiness analyses. FinTecSystems' solutions aim to make this possible in just a few moments. The Munich-based company's customers include SolarisBank, Finreach, the lending platform Lendico, and Deutsche Telekom. Stefan Krautkrämer, CEO and founder of FinTecSystems, says:
“We are pleased to have attracted not only entrepreneurially minded but also international investors who can pave the way for us, especially within the framework of our internationalization strategy.”
With the fresh capital, the company now wants to drive forward its European expansion and further develop its own technology and value chain.
Growth market consumer loans
Christian Claussen, Managing Partner of new investor Ventech, comments on his company’s commitment:
"The digitalization of the financial industry was long overdue and is gaining momentum. We are confident in companies like FinTecSystems, which deliver solutions for a sustainable digital infrastructure in the financial industry."
Noel Zeh, founding partner at LITTLEROCK, is also enthusiastic:
"Ten years of experience in the FinTech sector is extremely rare in Germany. This expertise, combined with a strong product, will drive the success story forward."
Citing the German Banking Association (BFACH), FinTecSystems reports an increase of around 20 percent in consumer loans compared to the previous year. The startup is thus serving a growth market that has so far been insufficiently digitized.
