Dock Financial swallows Compeon

The two companies work in different areas. And yet they fit together well because they have similar target groups

Compeon is the German market leader in digital loans for small and medium-sized enterprises. Now the founders are making their exit. According to a media report by Finance Forward the Munich-based banking-as-a-service platform Dock Financial is acquiring the start-up. The companies did not disclose how much money was raised.

This means that a buyer has pounced on Compeon that is actually active in other areas. Dock Financial, for example, offers corporate credit cards. However, both companies have one thing in common: they both target companies. They are therefore likely to draw on similar experience.

Dock Financial apparently expressed interest in Compeon at an early stage. In August, the Munich-based company acquired a stake of around 10 percent in the credit company. It was precisely because the target groups are so similar that the two companies wanted to cooperate in the area of sales. Now the two companies are dovetailing much more extensively.

There have been frequent takeovers in the area of loans for companies in recent years. These included the companies Fincompare and Lendico. It is therefore not surprising that Compeon is now also being swallowed up. And this despite a loan volume of 700 million euros, which the company is said to have brokered most recently.