FinTech Group AG sells Aktionärsbank to Obotritia Capital KGaA and starts strategic partnership

•  Obotritia Capital KGaA acquires Aktionärsbank from FinTech Group AG
•  FinTech Group also wins Obotritia as new customer, as its subsidiaries Bank biw AG and

XCOM AG will act as white-label service and technology provider

• Under the new branding “Bankhaus Obotritia” the bank will launch new business

models in commercial real estate financing

Frankfurt am Main, Germany – FinTech Group AG launches a strategic partnership with Obotritia Capital KGaA and its General Partner

Rolf Elgeti. In this context, Obotritia Capital acquires Aktionärsbank from FinTech Group.

Based on Aktionärsbank‘s full-service banking license Obotritia Capital will kick off new

commercial real estate financing activities under the new brand name “Bankhaus Obotritia”.

FinTech Group will service all technical and regulatory operations by providing the banking

system of its subsidiaries Bank biw AG and XCOM AG under a white-label banking agreement.

This underscores the importance of the white label banking business within FinTech Group.

Furthermore, joint financing rounds for commercial real estate are an option in the future. Both

sides agreed not to disclose the purchasing price. The acquisition is subject to the approval of the

relevant regulators.

”We are very pleased with this strategic partnership. The transaction also goes to show that our

well-rounded profile – boasting excellence in both fin and tech – positions FinTech Group as the

ideal partner for all financial institutions”, comments Frank Niehage, CEO of FinTech Group AG.

“The divestment of our subsidiary Aktionärsbank is also the final step of the reorganization of our

group which has started with the takeover of XCOM AG und biw AG in 2015.”

The divestment of Aktionärsbank marks the closure of a one-year concentration process during

which FinTech Group AG has reduced the number of its banking licenses from four to one: In June

2015, FinTech Group AG has licensed its CFD operations to Commerzbank AG. It also allowed its

online brokerage unit flatex to use the full-service banking license of Bank biw AG, which now

serves as the backbone for all banking operations within FinTech Group.

The divestment of Aktionärsbank and the long term strategic partnership with Obotritia as a

technology- and white label banking service provider now results in further cost reductions of a

significant seven-digit-million euro figure annually and also maximize synergies.