CAPTIQ and Anadi Bank launch cooperation
After BayernInvest, the Frankfurt-based FinTech CAPTIQ has gained a banking institution for the granting of loans to regulated professions. Anadi Bank from Austria will be CAPTIQ's hand-picked financing partner. Once again, CAPTIQ was advised by INNOFINCENTA. The loan applications pre-checked by CAPTIQ will be taken by Anadi Bank after their credit check on their own loan book. For this purpose, a customized credit review process has been developed, which continues to ensure CAPTIQ's typical rapid review and disbursement of loans within a few days.
'The close collaboration between CAPTIQ and Anadi has resulted in an on-balance-sheet loan process that will be unparalleled for regulated professions in Germany,' comments Lorenz Beimler, Co-Managing Director of CAPTIQ. Anadi Bank provides a refinancing contingent of up to € 150 million for the financing of regulated professions (doctors, pharmacists, lawyers, tax consultants, etc.) at the start. Disbursement of the unsecured loans up to € 250,000 takes place within a few working days. The basis for this is the completely digital and efficient checking process, which carries out automated scoring after an application via the CAPTIQ portal, which takes just a few minutes. 'We have tremendously simplified and accelerated the loan process for regulated professions through a disruptive off-balance sheet loan process. In the future, we will offer our clients and their advisors another financing option with Anadi Bank. With deep procedural alignment with the bank, this on-balance sheet loan process will continue to meet all of our quality criteria and be a true experience for our customers,' comments Soraya Braun, Co-Managing Director of CAPTIQ.
Anadi Bank with strong focus on digitalization of financial services
The loans are booked on Anadi Bank's balance sheet and are issued in accordance with German law. The proven CAPTIQ process has been adapted to the individual requirements of the new financing partner Anadi Bank. The credit assessment and credit decision are the sole responsibility of Anadi Bank.
'The cooperation with CAPTIQ not only results in a promising new business potential for us, but also a big step into the German market. CAPTIQ is the ideal partner for this, with deep roots in the market and a broad network. With this new offering, Anadi Bank is establishing itself as a pioneer in digital SME bank loans in the German-speaking region,' says Christian Kubitschek, CEO of Anadi Bank.
Digital application process and credit check expanded with on-balance sheet process
In addition to the existing digital off-balance sheet process, CAPTIQ will in future also be used by Anadi Bank to finance business projects such as the acquisition of equipment or devices, the provision of working capital or liquidity, modernisation or expansion of business operations or debt restructuring, without the continued need to provide collateral.
Since the market launch of the CAPTIQ platform, loans have been granted in the range of Euro 10,000 to 250,000, with an average loan volume of Euro 120,000. Maturities vary between six months and 10 years. Thanks to the precise determination of creditworthiness tailored to regulated professionals and the resulting customer selection, CAPTIQ has had a loan default rate of zero percent for almost two years now.
CAPTIQ is the first credit platform to digitize the granting of loans tailored to regulated professionals, e.g. for the establishment of a practice or a law firm. In addition to a specially managed off-balance sheet refinancing structure, the company also cooperates with hand-picked financing partners, e.g. banks, and offers financing with a term of up to 10 years for up to 250,000 euros at marketable conditions. In addition to legal forms with balance sheets (e.g. limited liability companies), the company also caters to the needs of non-accounting legal forms typical of the regulated professions (e.g. freelancers, GbRs). Financing is provided for physicians, dentists, veterinarians, pharmacists, psychotherapists, architects, consulting engineers, attorneys & notaries, certified public accountants, tax consultants and auditors. The loans can be applied for by the regulated professionals directly or through their advisors.
Capital and IQ become CAPTIQ! We stand for a new and intelligent form of financing.
More at www.captiq.com
About Anadi Bank
In addition to the business segments of Retail Banking, Corporate Banking and Public Finance, Anadi Bank is focusing on the main growth area of Digital Banking. Therefore, the bank is consistently and vigorously expanding its digital offering. On the Austrian market, the bank has already successfully placed the digital consumer loan and tablet-based banking, which is offered under the brands 'MARIE' (cooperation with specialist tobacco stores) and 'Anadi Connect' (cooperation with financial service providers). On the German market, Anadi Bank has already gained extensive experience since its entry in 2021 with the digital SME operating loan, which it intends to use in the coming years for further expansion in the digital SME lending sector. The strategic partnership with CAPTIQ for German regulated professions underlines this commitment. The digital DNA of the institution is also visible in the bank's internal digital area, in which more than 40% (excluding the branch network) of Anadi Bank's approximately 250 employees are already active. For its approximately 58,000 customers and as the principal bank of numerous companies in trade, industry and real estate, as well as many municipalities and public sector institutions, the bank leverages the advantages of long-standing relationships of trust between customers and customer advisors, high innovative strength, digital competence and lean structures.
More at www.anadibank.com
Contact for queries:
Lorenz Beimler, Managing Director (CEO)
Soraya Braun, Managing Director (CEO)
Frankfurt, September 6, 2023.
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