Herbst Kinsky advised FinTech startup FINcredible on the entry of KSV 1870
Herbst Kinsky advised Viennese startup FINcredible GmbH on the entry of Kreditschutzverbands KSV1870 in course of a capital increase. KSV now holds 25,1 percent in FINcredible. Confidentiality has been agreed concerning the investment amount.
The Austrian FinTech company FINcredible focuses on innovative services and products in the financial sector and in risk management. The KSV´s investment was motivated by the idea to optimize the common credit assessment business regarding innovation, expansion of the portfolio and reduction of complexities.
“KSV1870 is for FINcredible the perfect strategic fit and adds the ideal value for the customers of both companies. We hope that this milestone and FINcredibles decision to rely on strategic investors already in an early stage will act as a role model for further fintechs in Austria”, says Philipp Kinsky, partner at Herbst Kinsky.