A German Fintech Deal! Dock Financial Swallows Compeon!

The two companies work in different fields. And yet they are a good fit because they have similar target groups. Compeon is the German market leader in digital loans for small and medium-sized enterprises. According to a media report by Finance Forward, Munich-based banking-as-a-service platform Dock Financial is acquiring the start-up. The companies did not disclose how much money has flowed.

This means a buyer has pounced on Compeon in other areas. Dock Financial, for example, offers corporate credit cards. However, the two companies have one thing in common: they target companies. That is why they are likely to draw on a similar experience in this area.

Dock Financial expressed interest in Compeon at an early stage. In August, the Munich-based company took a stake of around 10 per cent in the credit company. Precisely because the target groups are so similar, they wanted to cooperate in sales at that time. Now the two companies are dovetailing in a much more far-reaching way.

In the area of loans for companies, there have been frequent takeovers in recent years. These included the companies Fincompare and Lendico. So it is not surprising that Compeon is now also being swallowed. And this despite a loan volume of 700 million euros, which the company is said to have brokered most recently.


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