TeamBank and Hypoport collaborate on personal loans

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DGAP-News: Hypoport SE / Keyword (s): Joint Venture / Product launch
29.06.2021 / 07:25
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Creation of a joint venture

TeamBank and Hypoport collaborate on personal loans

Creation of a joint venture to increase the efficiency of sales of personal loans in cooperative banks

– TeamBank, the personal credit expert of the cooperative financial network, will provide the commercial network and its product expertise

– Hypoport will provide the platform technology

– Pilot phase with the first cooperative banks to start no later than the fourth quarter of 2021

Berlin, June 29, 2021: Hypoport SE and TeamBank AG will cooperate in the future on personal loans to consumers as part of a joint venture. Each company will highlight its particular strengths in the GENOFLEX joint venture. TeamBank has contractual relationships with 90 percent of all cooperative banks in Germany, which gives it a large sales network. Hypoport will bring its experience in the field of platforms. The creation of the joint venture, in which Hypoport will hold 30 percent and TeamBank 70 percent, is still subject to the approval of the authorities.

The joint venture will allow participating cooperative banks to offer alternative products to their customers if no suitable easyCredit product is available. These alternative products may come from other cooperative banks or from financial institutions outside the cooperative banking sector. The pilot phase starts with the first cooperative banks no later than the fourth quarter of 2021 and is expected to continue until mid-2022.

Christian Polenz, Chief Customer Officer at TeamBank, said: “We are delighted that the joint venture with Hypoport will allow us in the future to work even more effectively with our partner banks in the cooperative financial network. As part of our holistic approach to liquidity management, we thus create additional options for co-operative bank clients and offer them an extremely attractive advisory experience at the local level. At the same time, our partner banks can be sure of having valuable trade exposure. winning situation. “

Jens Fehlhauer, General Representative of Hypoport SE in charge of the cooperative banking sector, adds: “I am delighted that through GENOFLEX, we have taken a new step in meeting the needs of clients of the cooperative financial network. you to the whole project team. To design such a platform entirely remotely and prepare it for the pilot phase in such a short period of time represents a fantastic and unique achievement for all involved.

About Hypoport SE

Hypoport SE is headquartered in Lübeck (Germany) and is the parent company of the Hypoport group. The Group is a network of technology companies for the credit, real estate and insurance sectors with a workforce of over 2,200 employees. It is grouped into four segments: Credit platform, Private clients, Real estate platform and Insurance platform.

The Credit Platforms segment operates Europace, an online B2B financial marketplace and the largest German platform offering mortgages, construction finance products and personal loans. A fully integrated system connects more than 750 partners – banks, insurers and distributors of financial products. Several thousand credit brokerage advisers carry out more than 35,000 transactions per month on Europace, generating a volume of more than 8 billion euros. In addition to Europace, the sub-markets FINMAS and GENOPACE and the B2B distribution companies Qualitypool and Starpool are supporting the growth of the credit platform. REM CAPITAL AG provides specialist advice on setting up complex public development loans for companies and SME financing in Germany. Chezfundingport GmbH, a marketplace for corporate finance is being created.

The Private Client segment, consisting of the online and non-captive financial product distributor Dr. Klein Privatkunden and the consumer comparison portal Vergleich.de, brings together all business models aimed at advising consumers directly on mortgage and insurance products. or retirement.

All the real estate activities of the Hypoport group, with the exception of mortgage financing, are grouped together in the Real estate platform segment (formerly Institutional clients) with the aim of digitizing the sale, evaluation, financing and management of goods.

The Insurance Platform segment operates SMART INSUR, an online B2B platform for advice, price comparison and administration of insurance policies. The segment also includes the insurance unit of Qualitypool, a B2B distribution company as well as ePension, a digital platform for the administration of occupational pension plans.

Hypoport SE shares are listed on the Prime Standard segment of the Frankfurt Stock Exchange (Deutsche Börse) and have been part of the SDAX since 2015.

Contact

Jan H. Pahl
Head of Investor Relations / IRO

Telephone: +49 (0) 30/42086 – 1942
Mobile: +49 (0) 176/965 125 19
Email: [email protected]

Hypoport SE
Heidestr. 8
10557 Berlin

www.hypoport.com

Key figures for the Hypoport share

ISIN OF 0005493365
WKN 549336
HYQ ticker symbol

06.29.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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