Volkswagen Bank GmbH acquires a 20% stake in Cashpresso
Volkswagen Bank GmbH acquires a 20% stake in our portfolio company Credi2 GmbH, known for its product Cashpresso. The company is leading in servicing financial institutions in developing fully digital processes for credit handling, from application processes to payback management. In the medium term, Cashpresso is to become the service provider for credit offers from VW Bank. Other VW Financial Services companies will soon be integrated via a modular system.
"Cashpresso helps financial institutions to automate their credit transactions and is widely recognized as a process service provider. With VW Bank we have found a partner that can help our start-up to develop very strongly in some segments. We look forward to working with them."
Daniel Strieder, CEO of Credi2, adds: "We focus on customer benefit and customer friendliness. VW Bank is a partner with whom we can jointly make our solutions accessible to a large customer segment and benefit from the specialist expertise of a large and successful bank. As a specialist for process automation in the credit sector, we want to help Volkswagen Bank to be even better equipped to meet the challenges of the future.”