# Baufi24 Baufinanzierung

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/baufi24-baufinanzierung

- Industry: Financial Services
- Headquarters: Hamburg, Germany
- Website: www.baufi24.de
- Total disclosed funding: $8.1M
- Latest round: Series A (May 3, 2021)
- Investors on record: 2

## About

Based in Hamburg, Germany, Baufi24 Baufinanzierung AG specializes in providing financing solutions for real estate investments, with a strong focus on mortgage and property financing services.Founded in 2006 in Hamburg, Germany, Baufi24 Baufinanzierung AG offers mortgage financing solutions and helps clients compare interest rates from over 500 banks. The company has successfully closed 3 deals with its most recent deal occurring on April 5, 2022. In this transaction, Nordic Capital agreed to acquire Baufi24 from btov Partners and Helvetia Group Venture Fund. The company was led by a team of CEOs: Matthias Bökenkamp, Michael Lorenz, Stephan Scharfenorth, and Tomas Peeters.Baufi24 specializes in providing comprehensive financing solutions for real estate investments, focusing primarily on mortgage financing and property financing services. The company offers a detailed platform that allows potential homebuyers and real estate investors to compare interest rates from over 500 banks, facilitating the identification of optimal mortgage conditions tailored to individual needs. Key functionalities include an array of online calculators that assist users in determining their financing options, including budget assessments, loan calculations, and various mortgage scenarios. Baufi24 serves a diverse clientele, including first-time homebuyers, real estate investors, and expatriates seeking property financing, primarily operating within the German market but also extending services to expats and foreign clients interested in the German real estate sector.The revenue model of Baufi24 is structured around a commission-based system where the company earns fees from banks and financial institutions for successfully facilitating mortgage agreements between clients and lenders. Clients utilize the platform to obtain personalized financing offers, whereupon Baufi24 leverages these partnerships to generate income from each completed transaction. The company also offers additional services such as free financing certificates and support in applying for governmental aid programs, enhancing their value proposition to clients. Through these services, Baufi24 engages in B2C transactions, addressing the varying financing needs of individuals while ensuring a comprehensive support system throughout the mortgage process.Following the completion of the April 2022 acquisition by Nordic Capital, Baufi24 will be merged into Bilthouse Group, with plans to leverage combined resources for expansion. The company's strategy encompasses further development of its product offerings and potential entry into new geographic markets, although specific target markets have not been disclosed. The recent funding of EUR 6.70 mn from Series A will support these growth initiatives.

## Funding rounds

- Series A, May 3, 2021, $8.1M — b2venture, Helvetia Group Venture Fund

## Investors

- b2venture (https://capitalatlas.ai/funds/b2venture) — Series A
- Helvetia Group Venture Fund (https://capitalatlas.ai/funds/helvetia-group-venture-fund) — Series A