Baufi24, a Hamburg, Germany-based digital home finance company, closed a €6.7m Series A financing.
Backers included BtoV and the Helvetia Venture Fund.
The company intends to use the funds to expand its market position, further develop its technology and the expand its branch network throughout Germany.
Led by CEO Tomas Peeters and the founders and board members Stephan Scharfenorth, Michael Lorenz, Başar Canıperk and Gernot Schusser, Baufi24 is a real estate finance broker for home finance, building society savings and loans. The company, which started in 2006 as a search engine for construction finance, compares the offers from 450 banks with the aim of enabling its customers to make faster loan commitments with little bureaucratic effort. Baufi24 combines the digital offer with currently 60 franchise-operated branches for personal advice on site and via video. The group includes the consumer products Baufi24, Kredit24 and LoanLink24 as well as the B2B company FinLink.
Baufi24 employs 100 people at its headquarters in Hamburg as well as in Berlin, Mannheim and Munich.