AnaCap invests in fintus, a provider of low-code software for the financial services sector

By Joy Dumasia

AnaCap Financial Partners, a specialist mid-market private equity investor in technology-enabled financial services, announces a majority growth investment into German FinTech fintus GmbH, one of the low-code software providers in the Financial Services sector.

AnaCap will partner up with fintus Founder & CEO Benjamin Hermanns and provide significant growth capital, financial sector & technology expertise, and operational support as fintus continues its ambitious growth strategy by solidifying its strong position in the DACH region and expanding its low-code banking platform across Europe.

The fintus technology complements existing core banking systems. It enables its customer base to use the low-code platform in an agile and flexible manner to position itself well with retail and commercial customers. The easy management and customisation of processes are seamless, with the software interfaces and integration of all available banking information and data broken down into a single, simple and easy to use platform.

Benjamin Hermanns, CEO and Founder 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, said: “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.”