The Helvetia Venture Fund is reportedly making an investment in Germany’s Baufi24, a property finance firm, by acquiring its shares as part of a Series A round.
btov, a VC company, has also taken part in the investment round along with Helvetia Venture Fund. The amount raised via the transaction has not been shared publicly.
Baufi24’s management noted that the funds raised will be used to further develop its technology stack. The company will also expand its existing network of branches across Germany.
Baufi24 was established in 2006 as a search engine for property financing. Over the years, the company has managed to become a comprehensive independent property financing broker.
For every financing request made, Baufi24 compares what about 450 banking institutions, insurance service providers, and building societies may have to offer, with the stated goal of helping its clients acquire fast loan commitments without all the bureaucracy.
Baufi24 supplements its all-digital offering with 60 franchised branches that offer personal advice (via in-person meetings or video calls placed online).
B2B firm FinLink is also reportedly a part of the Baufi Group. It provides CRM services for marketing property financing through its technology platform.
Patrick Scherrer, Head Strategy & M&A at Helvetia, stated:
“MoneyPark, the Swiss technology leader in property financing, is already part of the Helvetia Group. Investing in Baufi24 will create interesting exchange possibilities for both parties.”
Tomas Peeters, CEO of Baufi24, remarked:
“With the Helvetia Venture Fund and btov, we have two strong investors on board in order to push forward with the development of our smart and innovative technology.”
In November 2020, the Helvetia venture fund acquired a stake in Spanish startup Freshurance, a Swiss insurer that had introduced a peer-to-peer mobile phone insurance service for the Spanish market (called Cobertoo).
Cobertoo’s target groups are younger clients including Millennials and Gen Z consumers.
