The Haspa bank is investing an unspecified amount in the German-Luxembourg Investify fintech start-up, a press release said Tuesday (July 4, 2017). The investment will allow Haspa’s customers to select digital and individual investment solutions using diverse sales channels. Investify and Haspa have a signed a binding declaration to that effect.
Artificial intelligence to find investment opportunities
“The use of digital technologies in investments is gaining importance and we must react to rising customer needs,” said Jörg Ludewig, Authorised Representative of Haspa with responsibility for private banking. Investify’s investment robot uses artificial intelligence to offer customers filtered investment proposals. Clients can search for proposals according to sustainability, robotics, growth engines for German industry or ethical investments. An app gives clients information and lets them decide on an investment.
Starts of Next Commerce Accelerator
Meanwhile, the Next Commerce Accelerator, backed by Haspa and HSH Nordbank, began operating on July 1, 2017. Media managers and the investor Alexander Fromm (CEO) and Christoph Schepan (COO), a consultant and software developer, are coaching select start-up teams as part of the accelerator programme. They introduce possible business partners and help start-ups find follow-on financing, Haspa said.
EUR 50,000 for 10 per cent share
NCA is searching for start-ups with trade related business models and who can show a first product or service with strong technology skills. Apart from ecommerce offers, the focus is on business models in services, advertising and technology. NCA offers teams a six-month accelerator programme with around 200 mentors and partners. NCA also offers up to EUR 50,000 in capital in return for a 10 per cent share of the company.