Announced
Financials
Sources
Tags
consumer finance platform
FinTech
Germany
Private
Acquisition
Pending
Friendly
Single Bidder
Majority
Private Equity
Synopsis
Scout24, an operator of digital marketplaces specializing in the real estate and automotive sectors, agreed to acquire FFG FINANZCHECK Finanzportale, a German online comparison portal for consumer loans, for £254m ($312m). “We are happy to have Scout24 on board as our new parent company. This new union builds on an already very good working relationship on the back of our long-running affiliate-partnership. I am confident we will both profit from this new partnership and that it will further bolster our already strong growth path in the German fintech industry,” Moritz Thiele, FINANZCHECK CEO and Founder.
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