Düsseldorf, 12. January 2017
Financial year 2016 a success:
The fintech company expands its service and now offers the only product- and provider-neutral one-stop shop for corporate finance on the German market
COMPEON made considerable further improvements to its unique platform service in 2016 by completing its range of financing instruments, expanding its partner network and growing its team of in-house advisers.
Dr Nico Peters, Founder and Managing Director of COMPEON, said: “We originally set up COMPEON as a brokerage portal for traditional bank loans. Now, for the first time, companies can obtain completely independent, free financing advice from us and find the ideal form of finance for them – whatever financing product that may be.”
In 2016, the number of financing agreements brokered via the COMPEON platform was up more than 300% on the previous year. The fintech company handled financing enquiries with a total volume of €2.5 billion. On average, clients sought financing of approx. €700,000. Depending on the product category, as many as 50% of the queries submitted resulted in an agreement being signed with one of COMPEON’s financial partners.
In 2017, the fintech firm will move its head office from Emsdetten to Düsseldorf and recruit additional staff. This will make an important contribution towards driving further growth and internationalisation.
COMPEON is Germany’s leading financing portal for SMEs. Companies can obtain tailored offers from various financing partners for their planned purchases by submitting a query free of charge at www.compeon.de. Intermediaries such as tax advisers and management consultants can use the service via a multi-client feature. On request, COMPEON advisers help companies to find the best deal and negotiate with the financing provider.
The fintech company has been on the market since 2013 and currently employs more than 40 people. In addition to its three founders and managing directors Kai Böringschulte, Dr Nico Peters and Dr Frank Wüller, COMPEON is owned by DvH Ventures, b-to-v and Tengelmann Ventures.
Dr. Annika Ollrog
Phone: +49 (0)171 / 412 51 85