IKB Deutsche Industriebank to acquire a 30% stake in fundingport from Hypoport.

IKB Deutsche Industriebank, a bank headquartered in Düsseldorf, agreed to acquire a 30% stake in fundingport, a financial services firm, from Hypoport, a network of technology companies. Financial terms were not disclosed. "Joining forces with IKB means gaining a partner with strong links to the German MidCap sector, decades of experience and an excellent network. IKB´s expertise in the field of public program loans is also very beneficial for the further technological enhancement of our platform. Our affiliated bank partners will benefit from the lending deals offered by IKB, which provide them with opportunities for additional high-quality business," Maria Starke, fundingport CEO.