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Grenke Bank and existing shareholders invest EUR4m in Finanzchef24

Grenke Bank, in conjunction with existing shareholders Target Partners, HW Capital and Mercura Capital, has led a EUR4 million financing round for Finanzchef24 GmbH.

Finanzchef24 is the first digital insurance broker for entrepreneurs and companies in Germany.
 
“The target groups addressed by Finanzchef24 and Grenke Bank are very similar, which is why the companies plan a sales cooperation going forward. This cooperation will now be supported by our strategic financial investment in Finanzchef24 GmbH, which was made in the recent round of financing,” says Wolfgang Grenke, founder and CEO of SDAX-listed Grenke AG.
 
Sven Noppes, member of the executive board of Grenke Bank, adds: “We were particularly impressed by Finanzchef24’s high growth rates in our shared target customer segments, consisting of founders and young, small and mid-sized enterprises. Prior to Finanzchef24, no other provider was able to service the digital channels for these customers so efficiently.”
 
“Since our first investment in 2013, Finanzchef24 has become a significant player in the financial services industry. With an excellent team, fast growth in recent years, and a huge market potential, we were convinced to increase our investment,” says Waldemar Jantz, partner at Target Partners.

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