DGAP-News

German Startups Group invests in Bezahlt.de/Blackbill, the new FinTech startup of Kreditech founder Sebastian Diemer

DGAP-News: German Startups Group Berlin GmbH & Co. KGaA / Key word(s):
Investment
German Startups Group invests in Bezahlt.de/Blackbill, the new FinTech
startup of Kreditech founder Sebastian Diemer

17.10.2016 / 12:08
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

+++ Press release +++
for immediate publication

German Startups Group invests in Bezahlt.de/Blackbill, the new FinTech
startup of Kreditech founder Sebastian Diemer

- Increase of stake in Juniqe

Berlin, 17 October 2016 - German Startups Group, the second most active
venture capital investor in Germany in the time period since 2012 (CB
Insights, 2015), invests in Bezahlt.de/Blackbill, a further FinTech
startup, and increases its stake in the e-commerce startup Juniqe.

The new portfolio company Bezahlt.de/Blackbill offers factoring solutions
for freelancers, self-employed entrepreneurs as well as small and medium-
sized enterprises. Up until now, this market segment has not been
sufficiently addressed since individual risk assessments cause high costs.
The experienced founding team - the four-member management team has 13
years of FinTech experience - employs already established scoring concepts
and achieves lower costs and process complexities through digitalisation
and automation. It is the goal of Bezahlt.de/Blackbill to carry out the
risk assessment automatically within seconds for the first time and to
reduce the default risk so that by, for example, simply taking a picture of
an outgoing invoice with a mobile phone the invoice amount can be collected
almost immediately. Through cooperations with leading European FinTech
companies, the functionality of the financial solution has been maximised.
The founding team around CEO Sebastian Diemer has already collectively
built one of the most successful German FinTech startups in Kreditech,
which offers private loans on the basis of a data-driven scoring model.
Further investors in Bezahlt.de/Blackbill are, among others, Point Nine
Capital und Fly Ventures.

CEO Christoph Gerlinger comments on the investment in Blackbill: "Already
for some time we have invested in some of the most attractive German
FinTech companies. Through Blackbill we expand our portfolio by another
very promising investment in this sector. Sebastian Diemer and his team
have previously demonstrated that they are proven big data experts in the
FinTech segment. Blackbill now tackles an entirely new, very attractive