Mars Growth, a Liquidity Group Fund, Provides Fintech Kontist with a $4.5M Facility with only 24 Hours Due Diligence Using ‘Liquidity Analysis’ Platform
November 16 2021 - 8:45AM
Business Wire
Mars Growth, a Liquidity Group and MUFG joint venture fund,
announced today it has provided a $4.5 million credit facility for
Kontist, a leading fintech company providing banking and
bookkeeping services to the self-employed and freelancers in
Germany. Kontist will use the additional capital to further its
expansion. The transaction brings Liquidity Groups deployment to
companies to more than $750 million, targeting $1 billion by year
end 2021.
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Mars Growth, a Liquidity Group Fund,
Provides Fintech Kontist with a $4.5M Facility with only 24 Hours
Due Diligence Using ‘Liquidity Analysis’ Platform (Graphic:
Business Wire)
Mars Growth utilized the ‘Liquidity Analysis’ corporate credit
machine learning platform to perform comprehensive due diligence
instantly and provide a term sheet in only 24 hours, a process that
would take conventional financial firms weeks to complete.
Kontist is an all-in-one neo-bank and tax advisory for
freelancers, who Kontist believes will shape the future of work and
challenge corporate structures by embracing individuality and
building successful businesses. Kontist maintains that freelancers
don’t get the help they need currently, especially when it comes to
the complexity of their finances. Kontist offers the banking and
bookkeeping services freelancers deserve, making finances easier to
manage and worry-free.
“Kontist is a fintech company providing banking services at the
forefront of the new economy,” said Yaron Primovich, Managing
Director of Mars Growth. “Its banking services are being utilized
across Germany by the growing number of self-employed people. Our
‘Liquidity Analysis’ platform at the center of our funding process
gave Kontist access to non-dilutive funding at an unmatched speed.
We are delighted to add Kontist to our portfolio of high-potential
companies and to help fulfill their ambitions and growth
plans.”
“The Mars team has not only provided funding to enable further
growth but validated our plans and ambitions through their
‘Liquidity Analysis’ platform,” said Kontist CEO Benjamin Esser.
“To have a funding partner benchmark your growth plans against our
industry and competitors, strengthens our ambition to achieve our
goals. From the initial discussion, the entire process was
effortless and took only a few days before they presented us with a
term sheet. We found the financing solution a great way to assist
us in fueling our growth as we expand.”
About Liquidity Group:
Founded in 2018, the Liquidity Group is a global capital market
credit automation company and fund manager providing growth capital
through funds focused on the US, Asia, Europe and the Middle East.
Liquidity Group’s subsidiary fund, Singapore-based Mars Growth
Capital, and its partner MUFG [MUFG:NYSE] jointly handle the
company’s South East Asia activity. It combines real-time data with
proprietary machine learning technology to offer tailored financing
that matches a company’s future growth. Liquidity Group operates
three main divisions: Analysis, Capital, and Market Syndication,
which together enable global lenders a complete cycle of scaled and
quick credit deployment.
About Kontist:
Kontist GmbH is Germany's first digital platform with a clear
focus on freelancers and self-employed professionals. Kontist has
the mission of making the everyday work of self-employed
professionals and freelancers easier by giving them more financial
security and control. Kontist combines bookkeeping, taxes, and
banking, all in one app.
Founded in Berlin in 2016, Kontist counts more than 120
employees, of which many have a freelance background and is managed
by Christopher Plantener, Founder and CEO, and Benjamin Esser,
Co-CEO.
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Jared Shapiro jared@thetagexperience.com
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