FinovateEurope 2016 / Fintura
Presenter Profile:
How they describe themselves: Fintura offers a loan rate comparison portal for SME-loans. They offer better loan rates than peer2peer-lending (0.4-4.4% (percentage points) better), better service times and higher quality. Market of new SME loans in Germany is €120M per anno worldwide >€ 1.7T. Brokerage fee is 1.5% of the loan volume, resulting in an earning potential of € 1.8B in Germany and >€25B worldwide. Target EBIT-Margin: 33%, like Interhyp with a similar model in the mortgage business. Customers are SMEs, freelancers, independent professionals.
How they describe their product/innovation: Comparison platform for SME-loans:
SMEs get: Risk adjusted loan-rate comparison in between 15 min, approval of bank chosen by the customer in between 72h, best price in the market, transparency between prices in the market.
Partner banks get: New business in target segments, process cost reduction, risk diversification
Product distribution strategy: Direct to Business (B2B)
Contacts:
Bus. Dev. & Press: Dr. Gernot A. Overbeck, CEO, gernot.overbeck@fintura.de
Sales: Michaela Mohri, CSO, michaela.mohri@fintura.de
Website: fintura.de
HQ: Darmstadt, Hessen, Germany
Founded: April 2014
Product Demoed: Comparison portal for SME loans
Product Launch: July 2015
Metrics: Money raised: € 500,000 + €410,000 convertible loan, Number of employees: 8, Registered users: 1000, Loan request volume: € 120M, Loan request number: 380
Presenters: Gernot Overbeck (CEO), Thomas Becher (CEO)
- Key Executives
Dr. Gernot A. Overbeck (CEO & Founder), Thomas Becher (CEO & Founder), Michaela Mohri (CSO & Co-Founder), Ruben Bridgewater (Chief Developer)
Key Stats
- Key Investors
Dr. Heiner Gürtler (Ex-CEO, Wella President, P&G Group), N.N., Dr. Patrick Wegmann (Founder, Avanon AG & Head of Product Solutions, Thomson Reuters Financial and Risk)
- Key Advisory Board Members
Dr. Heiner Gürtler (Ex-CEO, Wella President, P&G Group), Finja Kütz (Market Leader and MD, Oliver Wyman Germany/Austria), Dr. Patrick Wegmann (Founder, Avanon AG & Head of Product Solutions, Thomson Reuters Financial and Risk)
- Key Partnerships
Commerzbank, Deutsche Bank, Deutsche Apotheker- und Ärztebank, Unicredit/HypoVereinsbank, Kreissparkasse Ludwigsburg, Sparkasse Vorderpfalz, Südwestbank, Mikrofinanzinstitut Indaro