Germany-based fintech CAPTIQ has raised equity capital for its credit platform targeted at chamber professionals. Beteiligungs-Managementgesellschaft Hessen (BMH), a holding management company, has once again participated as a co-investor in another financing round.

The raised capital in the high six-figure range, half of which comes from the Hessen Kapital I fund and half from former shareholders, will primarily be used for business operations. CAPTIQ’s digital lending CAPTIQ is aimed at users looking for financing with requests under EUR 250,000. The process from submitting the application to disbursing the loan is fully automated.

Specifically, the credit brokerage platform is aimed at practitioners of professions that require membership in a chamber, such as doctors, engineers, tax consultants, or lawyers. Despite their creditworthiness, it is a challenge for this target group to get smaller loans under 250,000 euros in particular. According to Venture Capital Magazine, banks often reject these requests because the effort involved in checking a loan is disproportionate to the income, which is also due to the fact that the lending process in the business customer area of ​​many banks has hardly been digitised to date.

CAPTIQ’s solution This is the issue CAPTIQ is aiming to combat with its web-based lending exclusively for chamber professionals, which also offers an alternative investment option for investors. Since refinancing is also integrated into the value chain, there is significantly greater scaling potential in terms of volume and the resulting sales. They recently set a time record of 2 hours and 43 minutes for the entire process from loan application to payment.

According to a BMH representative, CAPTIQ was able to place the product solution on the market despite difficult market conditions.   How it works After registering with CAPTIQ, users can register their loans to fit their needs with CAPTIQ’s financing calculator. The submitted application is then checked immediately after which users receive a loan approval within one day and will be informed directly of the conditions offered to them.

Immediately after signing the contract electronically, users can identify themselves online via video. Alternatively, CAPTIQ offers a PostIdent procedure, in which case identification takes place directly at a post office. Partnership with Solarisbank In August 2021, CAPTIQ signed a cooperation agreement with banking-as-a-service platform Solarisbank.

Solarisbank acts as the lending bank in the offering of the credit platform for regulated professionals developed by CAPTIQ. According to a Solarisbank representative, CAPTIQ's platform is aimed at a demanding target group that expects tailor-made lending solutions and this approach fits with Solaribank’s vision of embedded finance. CAPTIQ provides the platform and the funding, while Solarisbank provide the interface to their fully automated lending product and takes care of the supervisory aspects of lending.

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