Helvetia Venture Fund acquires shares in the German property finance company Baufi24

The Helvetia Venture Fund is investing in Baufi24, a German property finance company. This FinTech company leads the way in digitalizing the customer journey and is noted for its novel approaches to lead generation. With the additional funds, Baufi24 is going to press ahead with developing its own technology and expand its network of branches across Germany.

27.04.2021 | Media releases

The Helvetia Venture Fund is acquiring shares in Baufi24 as part of a series A financing round. The Hamburg-based FinTech company is one of Germany's leading digital property financiers. Baufi24 was launched in 2006 as a search engine for property financing, and has since 2017 positioned itself as an all-round independent property financing broker. For each financing request, Baufi24 compares what around 450 banks, insurance companies and building societies have to offer, with the aim of enabling its customers to obtain rapid loan commitments with minimal bureaucracy. Baufi24 supplements its digital offering with 60 franchised branches that provide personal advice, both face to face and via video. The B2B company FinLink is also part of the Baufi Group and offers CRM services for marketing property financing via its technology platform.

btov also took part in the financing round alongside Helvetia Venture Fund. With the additional funds, Baufi24 is going to forge ahead with its smart technology and expand its network of branches across Germany.

Novel approaches to generating leads
Lead generation is a significant cost and success factor in property financing. Baufi24 is pursuing novel approaches in this respect, using artificial intelligence to define the optimum parameters for generating leads. "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", explains Patrick Scherrer, Head Strategy & M&A at Helvetia. Tomas Peeters, CEO of Baufi24, adds: "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."

Contact information

Analysts
Susanne Tengler
Head of Investor Relations

Phone: +41 58 280 57 79
investor.relations@helvetia.ch

Media
Jonas Grossniklaus
Head of Media Relations

Phone: +41 58 280 50 33
media.relations@helvetia.ch

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About Helvetia

The Helvetia Venture Fund invests in start-ups from the insurtech segment and in young companies whose business models provide a link to or support Helvetia's insurance business. The fund is a subsidiary of Helvetia Swiss Insurance Company Ltd and is domiciled in Luxembourg. It focusses on start-ups from throughout Europe and places an emphasis on those countries in which Helvetia operates, namely Switzerland as well as Germany, France, Italy, Austria and Spain. The total volume stands at CHF 55 million.

www.helvetia.vc

About the Helvetia Group

In over 160 years, the Helvetia Group has grown from a number of Swiss and foreign insurance companies into a successful international insurance group. Helvetia is one of the leading all-line insurers in its home market of Switzerland. With the countries Germany, Italy, Austria and Spain, which have been combined to form the Market Area Europe, the company has a second strong pillar. With its Specialty Markets market area, Helvetia is also present in France and in selected regions worldwide. Some of its investment and financing activities are managed through subsidiaries and fund companies in Luxembourg. The Group is headquartered in St.Gallen, Switzerland.

Helvetia is active in the life and non-life business, and also offers customised specialty lines and reinsurance cover. Its business activities focus on retail customers as well as small and medium-sized companies and larger corporates. With some 11,600 employees, the company provides services to more than 7 million customers. With a business volume of CHF 9.71 billion, Helvetia generated an IFRS result after tax of CHF 281.7 million in financial year 2020. The registered shares of Helvetia Holding are traded on the SIX Swiss Exchange under the symbol HELN.

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