November 23, 2021
Technology, Financial Technology and Services
GCA Altium advises AnaCap Financial Partners on its majority growth investment into fintus
GCA Altium acted as exclusive financial advisor to AnaCap Financial Partners, a leading private equity investor in tech-enabled financial services, on its majority growth investment in fintus, a leading provider of low-code software for the financial services sector.
Founded in 2017 in Frankfurt, Germany, fintus provides a SaaS-based software suite that complements existing core banking systems and enables its customer base to use their low-code platform in an agile and flexible manner to position themselves well with both retail and commercial customers. The easy management and customisation of processes is seamless, with software interfaces and integration of all available banking information and data broken down into a single, simple and easy-to-use platform. Today, the company’s clients already include a significant number of Tier One to Three banks, as well as other sophisticated financial services companies who use its powerful system to reduce costs and improve their overall customer service. Over the course of the financial year for 2021, fintus has grown more than 150% year-on-year and the firm is extremely well placed for 2022, with a strong pipeline of new, recurring SaaS contracts.
AnaCap Financial Partners is a leading specialist mid-market private equity investor in technology enabled financial services. Since 2005 the firm has raised EUR 5.2 billion in gross AUM and completed over 100 primary investments across 16 European jurisdictions and India. AnaCap will partner up with fintus’ Founder & CEO Benjamin Hermanns and provide significant growth capital, financial sector and technology expertise as well as operational support, as fintus continues its ambitious growth strategy by solidifying its strong position in the DACH region and expanding its low-code banking across Europe. The fintus team will also benefit from significant investment in talent to expand operational capacity and drive sales.
Benjamin Hermanns, Founder & CEO at fintus, commented: “We have had multiple enquiries recently and have been delighted with the interest shown by prominent investment companies. It was very important for us to find a partner who has a strong entrepreneurial mindset and understands software, the financial services industry and FinTech alike. We have found in AnaCap an ideal partner to support the pan-European growth of fintus, leveraging our impressive track record in recent years which we attribute to the commitment of our employees and customers alike.”
Tassilo Arnhold, Private Equity Partner at AnaCap, added: “We are thrilled to be partnering up with Ben and the team to help drive the next chapter of fintus’ exciting growth story. Since its inception in 2017, fintus has managed to win an impressive list of blue-chip SaaS clients, leading to a triple digit annual growth historically. While there is significant room to grow in the DACH market, we also see huge potential in scaling the business across Europe, given the multi-lingual and low-code nature of the fintus software. We will invest significant capital to build out the management and business development team further, while also introducing new distribution channels and exploring opportunistic buy-and-build strategies as well, in line with our other successful DACH investments.”