thyssenkrupp invests in cap-on

Another investor joins the steel group's body shop division.

Thyssenkrupp Automotive Body Solutions, the bodywork subsidiary of the steel group, is investing in the fintech Cap-on. Süddeutsche Leasing AG (SDL) is also joining the start-up. Together, they want to work on the development of digital financing and utilization concepts in the industrial goods business. The two companies are thus expanding their range of services in plant engineering with platform-based financing and billing services.

Fintech Cap-on GmbH was founded in 2021 and develops digital pay-per-use and asset-as-a-service solutions for industrial customers. Cap-on focuses on intelligent data analysis for the real-time evaluation of users, market situations and assets. Forecasts for future credit risks are also part of the offering.

Philipp Lenz, CEO of Cap-on, comments on the strategic partnership: "By working even more closely with thyssenkrupp Automotive Body Solutions in the future, we will not only benefit from their outstanding expertise in body and plant engineering, but also from the opportunity to develop our innovative financing and service models directly for our customers. At the same time, the entry of S.D.L. Süddeutsche Leasing AG, a BaFin-approved financing partner, will enable us to draw on decades of experience in financial engineering and refinancing."