The Helvetia Venture Fund is investing in Baufi24, a German property finance company, by acquiring its shares as part of a series A financing round.
Venture capital firm btov also took part in the financing round alongside Helvetia Venture Fund. The sum raised was undisclosed.
With the additional funds, Baufi24 said that it is going to press ahead with developing its own technology and expand its network of branches across Germany.
Baufi24 was launched in 2006 as a search engine for property financing, and has since 2017 positioned itself as an all-round independent property financing broker.
For each financing request, Baufi24 compares what around 450 banks, insurance companies and building societies have to offer, with the aim of enabling its customers to obtain rapid loan commitments with minimal bureaucracy.
Baufi24 supplements its digital offering with 60 franchised branches that provide personal advice, both face to face and via video.
The B2B company FinLink is also part of the Baufi Group and offers CRM services for marketing property financing via its technology platform.
Patrick Scherrer
Patrick Scherrer, Head Strategy & M&A at Helvetia said,
“MoneyPark, the Swiss technology leader in property financing, is already part of the Helvetia Group.
Investing in Baufi24 will create interesting exchange possibilities for both parties”,
Tomas Peeters
Tomas Peeters, CEO of Baufi24 added,
“With the Helvetia Venture Fund and btov, we have two strong investors on board in order to push forward with the development of our smart and innovative technology.”
Featured image: Helvetia
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