Littlerock in FinTecSystems' series-A

They joined previous investors MenschDanke Capital and Heilemann Ventures.

The startup intends to use the fresh capital to strengthen its value chain and aid international expansion. FinTecSystems said in a statement it hopes to profit from a growing online lending business, claiming that one in five consumer loans is now being processed online.

Littlerock was founded in 2015 and focuses on pre-series-A and series-A financing rounds. Heilemann joined forces with Earlybird in April this year, when both VCs merged their digital tech teams.

Previous funding
In November 2015, FinTecSystems raised a seed round from Heilemann Ventures, MenschDanke Capital and business angels.

Company
FinTecSystems, founded 2014 in Munich, offers financial analysis based on online banking data. Its products, which are available in Germany and Austria, provides analysis of the creditworthiness of consumers.

Customers of FinTecSystems include Solaris Bank, account switching services Finreach, loans provider Lendico and Deutsche Telekom.

People
Ventech - Christian Claussen (managing partner).
Littlerock - Noel Zeh (founding partner).
FinTecSystems - Stefan Krautkraemer (CEO).

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• Topics
• Expansion
• Financials
• DACH
• Germany
• Venture