Economy & Politics

How is Check24 doing as a start-up investor?

Millions of customers use the comparison portal. imago images / Future Image

It was one of the few times that Check24 spoke up publicly, otherwise the comparison portal is very covered. A few days ago it announced its bank plans – it should start soon with its own license, reported financial scene, the Check24 account will open in a few months.

Otherwise, the majority of the Munich company with more than 1000 employees happens in the background. It is struggling with the Corona crisis and has had to send parts of its workforce to short-time work. At the beginning of the year, the provider also expanded to the first country outside of Germany. Check24 wants to gain a foothold in Spain in the future, its own CEO works with a small team in the new market.

On the other hand, the investment branch Check24 Ventures has become really quiet. The comparison portal has been investing in start-ups for about five years. The company told German startups at the beginning of 2017 that 60 million euros would be available for this.

Where does the powerful platform company currently stand with its investments? And which start-up could a big exit follow? Finance Forward looked at the investments together with the analysis service Startupdetector.

Read the background today on Finance Forward, and OMR’s new finance portal. You can register for the daily newsletter here.

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