BMH Beteiligungs-Managementgesellschaft Hessen mbH has again participated as a co-investor in a further financing round of CAPTIQ GmbH.
The Frankfurt-based fintech company has developed a credit platform specializing in financing for chamber professionals. The completely automated process from the application to the disbursement of the loans is particularly geared towards financing requests of less than €250,000.
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CAPTIQ GmbH was founded in 2017 by Soraya Braun and Lorenz Beimler as a result of project work at the Finance Chair of Frankfurt University
The credit brokerage platform is aimed at practitioners of professions that require chamber membership, such as doctors, engineers, tax consultants, or lawyers. Despite their generally excellent creditworthiness, it is a challenge for this target group to obtain smaller loans of less than €250,000 in particular.
These are often rejected by traditional banks because the amount of work involved in checking for a loan is disproportionate to the income – which is also due to the fact that the lending process in the business customer segment of many banks has hardly been digitized to date.
CAPTIQ, unlike other market players, offers web-based lending exclusively for chamber professionals, which at the same time creates an alternative investment opportunity for investors. What is unique about CAPTIQ’s product offering is that almost the entire process is managed by the company, as, unlike most alternative lending platforms, refinancing is also integrated into the value chain.
This results in significantly higher scaling potential in terms of volume and the resulting revenues. In addition, there are clear cost and efficiency advantages compared to other product solutions established in the market. Only recently, the company was able to achieve a time record of 2 hours and 43 minutes for the process from loan request to disbursement.
How will CAPTIQ use the capital raised
The capital raised in the high six-figure range, half from the Hessen Kapital I GmbH fund and a half from existing shareholders, will be used primarily for business operations. This also includes the expected expenses for the realization of the bond placement.
“We are pleased that we were once again able to attract BMH as an investor,” said CEO and founder Soraya Braun, adding, “With the implementation of this financing round, the company is excellently positioned for future challenges.”
“CAPTIQ was able to successfully place the product solution on the market despite difficult market conditions. The positive references and the high demand make us confident that further business development will be successful,” says the responsible investment manager Jürgen ten Elsen from BMH, which manages the Hessen Kapital I GmbH fund, among others.
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First published in FUNDSCENE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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