Helvetia is investing in German real estate fintech
The insurance group Helvetia has acquired a stake in the German fintech Baufi24 through its venture capital arm. This specializes in real estate financing. The investment should result in an exchange with the Swiss Helvetia subsidiary Moneypark.
The insurance group Helvetia continues to invest in the real estate sector. He has invested in the Hamburg company Baufi24 through the Helvetia Venture Fund. This started in 2006 as a search engine for mortgage lending. Since then it has positioned itself as a broker for real estate finance.
Baufi24 raised a total of 6.7 million euros in its financing round. In addition to Helvetia, the St. Gallen risk capital company Btov has invested. With the fresh money, Baufi24 wants to further develop its technology and expand its branch network in Germany.
“We believe in the experienced team at Baufi24 and see great potential for the digitization of real estate financing. Since the pandemic in particular, online offers in the area of finance have been in greater demand, ”said Michael Wieser, Managing Partner of the Helvetia Venture Fund, in a press release from Baufi24.
In Switzerland, Helvetia acquired the real estate and mortgage broker Moneypark in 2017. Investing in Baufi24 would now result in "interesting exchange opportunities for both sides", said Patrick Scherrer, Head of Strategy & M&A at Helvetia, in a Helvetia press release.