25.06.2020 FinLab AG  DE0001218063

FinLab AG: KfW coronavirus aid programme: Kapilendo and Varengold Bank create first digital access to instant loans


 


DGAP-Media / 25.06.2020 / 08:30

Hamburg / Berlin, 25/06/2020 - In cooperation with Hamburg-based Varengold Bank, Berlin fintech Kapilendo - a portfolio company of Frankfurt-based FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR) - is now offering small and medium-sized enterprises the first fully digital application process for instant loans (GER: Schnellkredite) offered by KfW, a German state-owned development bank based in Frankfurt. German companies with more than ten employees can apply via www.kapilen.do/kfw-schnellkredit. The loans will be 100% guaranteed by the German Federal Government. Innovative API services by SCHUFA, the largest German credit bureau, ensure that the eligibility verification process and associated compliance checks can be conducted digitally.

By connecting a digital platform to this aid program, Kapilendo and Varengold Bank have created an urgently needed unbureaucratic process from application to payout. Christopher Grätz, Co-Founder and CEO of Kapilendo AG, said: "We have processed an initial batch of applications, the first of which have already been approved by KfW. Together with Varengold Bank, and with excellent support from KfW, we have managed to provide the German "Mittelstand" with a straightforward and digital access to the KfW instant loan programme. This is good news particularly for those companies which have difficulties accessing this programme because they lack a long-standing credit relationship with their principal bank."

The KfW instant loan scheme is an aid program which many small and medium-sized enterprises in Germany have been waiting for. The Federal Government and the KfW have taken exactly the right step. In the current situation it was imperative to create a straightforward and digital access to these instant loans, which we have managed to achieve in cooperation with Varengold Bank."

To which, Frank Otten, Member of Varengold Bank's Board of Managing Directors, adds: "Providing companies with quick and easy access to capital is most definitely part of Varengold Bank's mission. We are thus really pleased to work with Kapilendo in these challenging times by siding with small and medium-sized enterprises, who are facing huge challenges through no fault of their own, and offering them instant, unbureaucratic support."


About KfW instant loans
Following a decision by the 'Corona cabinet' on 06/04/2020, KfW - the world's largest national development bank - has been offering German companies with more than ten employees instant loans (GER: Schnellkredite) of up to EUR 800,000 since 15/04/2020. These loans are 100% guaranteed by the German Federal Government. The Government has thereby launched an effective scheme to provide broad-based liquidity support to SMEs. The loans are granted in accordance with the 'Hausbankprizip'' (i.e. the assumption that a customer conducts a large part of their financial transactions with their principal bank) through commercial banks, savings banks, and cooperative banks. However, only 7,397 instant loans had been approved by 18/05/2020. Considering that there are over 160,000 German companies with at least ten employees, this assistance has only reached a fraction of businesses so far. For more information, see www.kfw.de


About Varengold Bank AG
Varengold Bank is a German financial institution founded in 1995 and granted a full banking licence in 2013. In addition to its head office in Hamburg, the bank has presences in London and Sofia. Core business areas are Marketplace Banking and Commercial Banking. Within Marketplace Banking, the focus is on the cooperation with European FinTechs, especially lending platforms. Varengold Bank's service portfolio includes Funding, Debt and Equity Capital Markets products, Fronting Services for products subject to banking licence requirements and International Payment Services. The Board of Managing Directors consists of Dr. Bernhard Fuhrmann and Frank Otten, who - together with an approx. 80-strong international team - continuously help to drive the modernisation of the finance sector. Varengold Bank is registered with the Federal Financial Supervisory Authority (BaFin) under 109 520 and its shares (ISIN: DE0005479307) have been listed on the Open Market of the Frankfurt Stock Exchange since 2007. For more information, see www.varengold.de


Press contact
Marc Morian
Head of Communications
Varengold Bank AG
Tel.: +49 (0) 40 66 86 49-0
Email: [email protected]

About Kapilendo AG
Kapilendo AG offers complete digital investment banking services for SMEs. With the help of the latest technology, Kapilendo provides companies with an easier, quicker, and more affordable access to financial capital. On the debt side, digital finance solutions are available in the form of traditional loans, subordinated loans, and token-based bond notes. On the equity side, Kapilendo enables digital share emissions. The placements can occur either as public offerings or as private placements. In the area of digital wealth management, entrepreneurs and wealthy private investors receive innovative and intelligent investment solutions along with individual advice. The service offering encompasses robo-advisor-services, alternative investment strategies in the areas of private debt, private equity, real estate, and crypto assets. Kapilendo also offers suitable solutions to investors which aim to invest their wealth according to ecological and social criteria. Kapilendo AG was founded in 2015 and is headquartered in Berlin. Together with its subsidiaries, the company is licenced by the Federal Financial Supervisory Authority (BaFin) to conduct investment brokerage, investment advice, acquisition brokerage and financial portfolio management according to § 32 Art. 1 of the German Banking Act (KWG) and also holds a licence for crypto custody business. Main shareholders of Kapilendo AG are Comvest Holding AG, FinLab AG, and the pension fund of the Berlin Chamber of Dentists. For more information, see www.kapilendo.de

Press contact
Hanna Dudenhausen
Head of IR & PR
Kapilendo AG
Tel.: +49 (0) 151 291 091 26
Email: [email protected]


About FinLab AG
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest investors focused on the Financial Services Technologies ("FinTech") and blockchain sector in Europe. FinLab focus in this context is providing venture capital for start-ups. FinLab's aim is a long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with their network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.

Press contact
FinLab AG:
[email protected]
Phone: +49 69 719 12 80 0
www.finlab.de



End of Media Release


Issuer: FinLab AG
Key word(s): Finance

25.06.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID: 1077707

 
End of News DGAP Media

1077707  25.06.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 4,17 1,72 1,52 1,95 1,44 1,54 0,00
EBITDA1,2 4,09 2,34 1,49 0,82 10,15 3,01 0,00
EBITDA-Marge3 98,08 136,05 98,03 42,05 704,86 195,45 0,00
EBIT1,4 4,02 2,27 1,46 0,79 2,19 0,25 0,00
EBIT-Marge5 96,40 131,98 96,05 40,51 152,08 16,23 0,00
Jahresüberschuss1 6,54 14,00 14,21 16,92 39,53 6,10 0,00
Netto-Marge6 156,83 813,95 934,87 867,69 2.745,14 396,10 0,00
Cashflow1,7 2,62 0,89 1,83 1,49 1,42 2,26 0,00
Ergebnis je Aktie8 1,44 2,98 2,85 3,14 7,33 1,11 1,25
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: ifb Treuhand

INVESTOR-INFORMATIONEN
©boersengefluester.de
FinLab
WKN Kurs in € Einschätzung Börsenwert in Mio. €
121806 23,600 Kaufen 126,30
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,86 9,66 1,73 12,97
KBV KCV KUV EV/EBITDA
0,75 55,79 81,91 39,86
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 10.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.09.2021 23.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,58% 4,55% 11,32% 33,33%
    
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FinTech , 121806 , A7A , XETR:A7A