DGAP-News

HYPOPORT SE: IKB and Hypoport join forces on the corporate finance platform 'fundingport' - Seite 2

Dr Patrick Trutwein, responsible for operations and transformation projects at IKB, appreciates the close collaboration between the partners leading up to this joint venture, adding: "The fundingport joint venture benefits from both companies combining their respective core competencies; notably so in the growing segment of platform-based corporate finance. Teaming up with Hypoport Group, a highly respected technology player, constitutes a core element of our digitization strategy."

Jan Bewarder, Executive Vice President of Hypoport and responsible for the corporate finance business, is delighted about the acquisition by IKB of a stake in fundingport: "IKB's equity investment is a clear commitment to this long-term partnership. Both sides bring their respective strengths to the joint venture and will benefit exponentially as a result."

 

About Hypoport SE

Hypoport SE is headquartered in Lübeck (Germany) and is the parent company of the Hypoport Group. The Group is a network of technology companies for the credit, real estate and insurance industries with a workforce of more than 2,000 employees. It is grouped into four segments: Credit Platform, Private Clients, Real Estate Platform and Insurance Platform.

The Credit Platform segment operates Europace, which is an online B2B financial marketplace and the largest German platform offering mortgages, building finance products and personal loans. A fully integrated system links more than 750 partners - banks, insurers and financial product distributors. Several thousand loan brokerage advisors execute approx. 35,000 transactions per month on Europace, generating a volume of more than €7 billion. Besides Europace, the FINMAS and GENOPACE sub-marketplaces and the B2B distribution companies Qualitypool and Starpool support the growth of the credit platform.

The Private Clients segment, made up of the web-based, non-captive financial product distributor Dr. Klein Privatkunden and the consumer comparison portal Vergleich.de, brings together all business models aimed at directly advising consumers on mortgages, insurance or pension products.

All real estate-related activities of the Hypoport Group, with the exception of mortgage finance, are grouped together in the Real Estate Platform segment (previously Institutional Clients) with the aim of digitalising the sale, valuation, financing and management of properties.