Dock Financial swallows Compeon

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

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

This means a buyer has pounced on Compeon, which is actually in other areas. Dock Financial, for example, offers corporate credit cards. However, the two companies have one thing in common: they target companies. That is why they are likely to draw on similar experience in this area.

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

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