21.04.2016
FinLab AG DE0001218063
DGAP-News: FinLab AG: Kapilendo and Venturate merge
DGAP-News: FinLab AG / Key word(s): Investment
FinLab AG: Kapilendo and Venturate merge
21.04.2016 / 09:00
The issuer is solely responsible for the content of this announcement.
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- Kapilendo and Venturate merge
- First crowd financing platform for debt and equity created
- All a company's financing needs can now be covered from a single source
Frankfurt/Berlin, April 21, 2016. The Berlin fintech startup, Kapilendo AG,
together with Venturate AG, a subsidiary of exchange-listed company FinLab
AG (ISIN DE0001218063; ticker: A7A.GR), are merging under the lead of
Kapilendo AG.
To finance its stake in Kapilendo, FinLab AG is contributing the whole
shareholding of its crowd-funding platform Venturate AG and is also
investing a significant amount for the additional growth of Kapilendo. This
makes Kapilendo the first and leading German platform to combine
crowd-lending with crowd-investing (or equity crowdfunding). The new
products include both classic loans to small and medium-sized enterprises
as well as investments in startup companies. Following this transaction,
FinLab now holds 25.1% of Kapilendo.
FinLab board member Stefan Schütze: "We are delighted to be able to bring
together Kapilendo and Venturate in starting up a unique platform, in which
Venturate will remain, thereby providing new impetus to the financial
markets. With Kapilendo, private investing will become more transparent,
simple and autonomous than ever before. The demand for alternative forms of
financing is growing rapidly - and it is this potential that we will
capitalize on using the full bandwidth of alternative, next generation,
Internet-based forms of financing."
"The digital transformation is having an effect throughout the finance
industry. At the same time, the idea of crowd-funding is gaining
tremendously in acceptance - on the part of both companies and private
investors. Over the next few years, an incredibly exciting market will
emerge - one in which we will be competing from a pole position",
emphasizes Kapilendo board member and co-founder Christopher Grätz. "As a
complement to established banks, Kapilendo will allow us to offer a unique
financing portfolio - from curated crowdfunding for startups as well as
venture loans on through to loan investments in SMEs, so-called
crowd-lending. With its financial clout and its extensive network, FinLab
AG is the perfect partner for us to take the fullest advantage of all these
opportunities."
Founded in January 2015 by Comvest Holding GmbH in Berlin, only a few weeks
ago Kapilendo set a spectacular record for continental Europe that sent a
clear signal to the sector as a whole by raising one million Euros for the
Berlin football club Hertha BSC - in less than ten minutes.
Venturate was financed by FinLab in January 2015, when it acquired a
majority stake. In March of this year, a full takeover was agreed with the
former founders of Venturate, resulting in FinLab assuming responsibility
for company management.
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. 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.
Press contact:
FinLab AG:
[email protected]
telephone: +49 (0) 69 719 12 80 - 0
About Kapilendo AG:
Kapilendo is an innovative online loan marketplace that allows small and
medium-sized enterprises to access financing cheaply, quickly and without a
lot of red tape. Private investors can make their own decisions and take
part in lending projects for as little as 100 euros. This fintech startup
is based in Berlin and was founded in January 2015.
Press contact:
Hanna Dudenhausen / kapilendo AG / Joachimsthaler Str. 34 / D-10719 Berlin
/
Phone: +49 (0)30 88 91 77 92 / E-mail: [email protected] /
www.kapilendo.de
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21.04.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: FinLab AG
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: [email protected]
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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456073 21.04.2016
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