Information service provider CRIF stops at 350 million euros
Fintech investments until the end of 2023
Hamburg (ots) –
– CRIF is also pursuing its global fintech investment strategy at
challenging market conditions
– The invested companies belong to sectors such as banking or
insurance, food and agriculture
– InnovEcos, CRIF’s Global Open Innovation Hub, offers fintechs
Synergy effects and cooperation
More than 20 months from the start of its three-year initiative, through the end of 2023
to invest a total of 350 million euros in fintechs, the
Information service provider and technology provider CRIF satisfied on the so far
progress made. Despite the currently challenging market conditions
sees the global company, the companies and financial institutions
holistically supported in the management of their digital customer journey, none
Reason to deviate from its global investment strategy. The goal is to
to establish as a start-up incubator and through the continuous observation of
Trends and developments to secure tomorrow’s growth.
“The fintechs and start-ups we have selected promise long-term
Growth. They are thanks to their solid business models and the ability to
to integrate into our innovation ecosystem. That gives us
the self-confidence, also in view of the current investment climate at our
strategy”, describes Dr. Frank Schlein, Managing Director of CRIF
Germany, the investment strategy pursued by the CRIF Group. “As
Investor and innovation center, we are able to use synergies and
To support start-ups with our information and data competence. This
role is ideal for us because it allows us to leverage the strengths of fintechs
complement and emphasize our own. More than 20 months after launch
With our targeted investment strategy, we see a clear win-win situation
for everyone involved.”
Partners who change industries – and the world
The invested companies belong to different industries
different levels of maturity, including banking and financial institutions
Insurance companies or companies with a focus on nutrition. you all put
on digital business models that have the potential to change the way
work in their respective industry to change fundamentally.
Since the investment strategy is a global undertaking, the companies
invested in the CRIF, not only from Germany, but from the
the whole world. For example, Strands is particularly in Spain, Latin America
and Asia strongly represented. The fintech that focuses on advanced digital
specializes in banking solutions and was acquired by CRIF in 2020
AI-driven software solutions for banks and financial institutions. so far have been
through global collaborations over 700 digital banking implementations
integrated, with the aim of increasing customer loyalty and generating new revenues
generate digital channels.
Another example is Inventia, a provider of digital
Identification solutions entirely taken over by CRIF two years ago
became. As one of the European market leaders for digital onboarding,
video recognition and customer engagement solutions, Inventia has customers at the
around the world, including leading banking, telecom, utility,
automobile and insurance companies. Inventia is involved in this
international partners such as HP and Genesys.
Many of the companies in which CRIF has a stake also rely on the
core business solutions of CRIF and complement its offering. So uses
for example Fido, an Italian platform for digital
Credit check, new types of privacy compliant disclosures coming out
the digital footprint of consumers’ online activities. fidos
Artificial intelligence and machine learning applications use hundreds
from non-financial signals to acceptance rates in loan application routes
increase, reduce defaults and increase financial inclusion
support financially.
A clear vision as a driver of the future
CRIF is always looking for innovative approaches that make a decisive difference
contribute to CRIF’s core business solutions. For synergies
To be able to use these partnerships in the best possible way, CRIF InnovEcos, a
Global Open Innovation Hub, launched. It consists of fintech hubs,
Market opinion leaders and multidisciplinary professionals with experience in the
fintech industry together. InnovEcos benefits from the global ecosystem of
entire CRIF Group: As part of an established value chain, the
Fintechs new business models for innovative services, products and
Develop processes and implement them quickly.
“With our current investment portfolio and InnovEcos, we see ourselves as
attractive partner for fintechs from all over the world,” comments Natalia
Shchelovanova, Global Innovation and Ecosystem Lead InnovEcos at CRIF. “In which
we add promising companies to our group ecosystem,
we are well on the way to building a powerful network that
Innovation and progress of digital business solutions in many industries
pushes.”
Press contact:
Oliver Ollrogge, CRIF GmbH, Marketing/PR department
Email: mailto:[email protected], Tel.: 040 / 89 803 582
Further material: http://presseportal.de/pm/22285/5378210
OTS: CRIF GmbH