The Frankfurt-based fintech looks back on a successful year and is significantly expanding its growth path in 2021.
Frankfurt, 4 February 2021 – fintus, the leading low-code digitisation platform for the German financial industry, looks back on a successful 2020. Despite the Coronavirus crisis, the Frankfurt-based fintech succeeded in increasing its sales compared to the previous year and closed the year with a positive business result. fintus has never had external investors since its founding and intends to continue growing organically in 2021. Its specific goals are: more employees, more cooperation partners, more investments in software and more revenue.
2020: crisis successfully mastered, 2021: even greater success
fintus adapted quickly and agilely to the new circumstances resulting from the 2020 pandemic. The focus for the year was primarily on the further development and expansion of the product portfolio, with major work being performed on the online application process, the self-service portal and automated processes for Covid-19 emergency aid, as well as the digitisation of existing lending processes. In doing so, fintus exploited the benefits of standardised software compared to other providers in the market, who have to maintain a high level of customisation. In addition, improvements were once again made to the fintus Suite. In the words of fintus CEO Benjamin Hermanns: “2020 was a challenging year for us – as for everyone else. We nevertheless managed to close the year with a positive business result and a 65% increase in sales compared to 2019.”
fintus plans to achieve a lot in 2021. “We have set ourselves ambitious goals,” Hermanns explains. “With the clients acquired in 2020 and the high proportion of recurring revenue, we will achieve 200% revenue growth this year.” fintus will also continue to invest heavily in its own software and platform over the course of the year. This is intended to enable the company to gain its first customers outside the German market together with partners.
The close cooperation with existing sales and implementation partners and the acquisition of new ones is another important building block for even stronger national and international growth. fintus is currently already working successfully with SAP, SKS, GFT Technologies, Synpulse, IKOR and other reputable partners in a variety of customer scenarios. “We want to intensify these relationships while simultaneously bringing more partners on board,” says Dagmar Kröplin, Head of Channel Management. “Leveraging synergies is key to supporting forward-looking financial institutions in their digitisation efforts and achieving the best outcomes for all involved.”