Compeon, a Düsseldorf, Germany-based B2B fintech company, closed €12M Series B funding.
This round was led by existing investors Tengelmann Ventures with participation from btov Partners and Dieter von Holtzbrinck Ventures.
The company intends to use the funds to invest in its technology and platform and and push sales financing forward.
Founded by Kai Böringschulte, Dr. Nico Peters and Dr. Frank Wüller, Compeon provides a commercial financing as a brokerage platform, independent of products and providers. Via the system, customers can find financing solutions and transparency in terms, including interest rates, equity ratios and collateral from various providers.
The company works together with more than 220 established banks, savings banks and alternative financial partners. In addition to credit, loans and leasing, the platform offers factoring and alternative financing solutions including mezzanine capital, finetrading, project financing, and private debt.
Compeon currently has more than 220 banks and other financing partners and employs more than 50 people.