Acatus, a Berlin, Germany-based fintech company, completed a €5.5m Series A funding round.
The round was led by DIP Capital and coparion with participation from Partech, Berliner Effektengesellschaft AG and Berliner Volksbank Ventures and business angels including Matthew Bosrock, formerly Global Head of Developing Markets and Franchise Development at S&P Global Ratings.
The company intends to use the funds to continue to expand its operations and its business reach.
Led by CEO Dr. Marie Louise Seelig and COO Dr. Daniel Wigbers, Acatus provides a digital debt capital markets platform which converts loans and other illiquid assets into fungible securities eligible for custody in the form of individual securitizations and places them directly on the capital market in the form of bonds. The company thus enables both new business for banks and a transparent investment according to the individual risk-return profile of institutional investors such as pension funds, insurance companies, family offices or banks.
Société Générale Germany and Luxembourg are integrated into the platform structure as partners in the area of securities settlement. JFD Bank provides the liability umbrella. The digital DCM platform has been live since October 2018.