Dock Financial apparently joins Compeon

According to a media report, the Munich-based company is acquiring ten percent of Compeon's shares.

Fintech invests in fintech: How Finance Forward reports, the Munich-based start-up Dock Financial has acquired ten percent of the shares in the young Düsseldorf-based company Compeon. According to the magazine, neither start-up wants to comment on the purchase price. Finance Forward is expecting a mid to high single-digit million figure.

Compeon primarily brokers financing offers to small and medium-sized companies. According to the start-up itself, 50,000 companies already rely on its services. Dock Financial sees itself as an infrastructure provider for banking and payment solutions and aims to support financial service providers and insurance companies with digitalization.

As part of Dock Financial's entry into Compeon, both start-ups want to launch a joint credit card offering for SMEs on the market. Dock Financial has the necessary e-money license from the German Federal Financial Supervisory Authority (Bafin). Compeon, in turn, has the contacts to the numerous medium-sized companies.