Digital champion Compeon unleashes SME loans in Germany
Compeon has launched its Digitaler Mittelstandskredit (DMK), a digitised corporate loan for SME companies in Germany.
The firm says there are no manual steps – right up to contract signing. SMEs can access finance of up to €750,000 within a maximum of 48 hours. A loan of €100,000 can be agreed within 24 hours.
Dr Nico Peters, MD of Compeon, says: “Our customers are always telling us how important it is to be able to arrange financing quickly. This is the starting point of the DMK in conjunction with solarisBank, which we are now pleased to offer finance customers alongside the products from our other partners.”
Compeon explains that once the financing parameters have been input, a fully digital process is initiated in which all parties communicate via interfaces (APIs).
Advance data about the customer is obtained from the company register, credit agencies and the e-balance sheet and fed into the bid. The technical integration between the systems of solarisBank and Compeon enables customer verification and the digital signature.
Dr Nico Peters add that the nominal interest rate on loans starts at 2.7% with no need for collateral.
According to Compeon, it works with more than 220 banks, savings banks and alternative financial partners.
In addition to credit, loans and leasing, the platform offers factoring and alternative financing solutions including mezzanine capital and project financing.
