Berlin The digital capital market platform Acatus is getting closer to its goal of creating a pan-European trading center for single securitisations. The founders Marie Louise Seelig and Daniel Wigbers have received a securitization license from the Luxembourg financial regulator CSF.
Acatus focuses on the so-called debt capital markets platform, a capital market platform on which loans are converted into securities. There, investors who want to invest in loans are brought together with banks that want to make their balance sheet more balanced or smaller.
According to Acatus, these commitments can be interesting for investors in times of permanent low interest rates. Banks, in turn, could free up capital through securitization, grant new loans and avoid so-called cluster risks, i.e. the concentration of loans in certain sectors.
So far, Acatus has been able to sell the securities in the form of private placement bonds to institutional investors in Germany and other EU countries. Now Berlin fintech can offer the securities to all types of investors across the EU on an ongoing basis.
Through the securitization license and the approved base prospectus, Acatus can also continuously sell the relevant bonds as a public offer to all types of investors in the EU and strip off the previous restrictions. Acatus has already notified the approved securities prospectus to Germany, France, Austria and Great Britain. "A wide range of investors can be accessed using simple, digital and transparent securitization solutions," says Acatus.
There are around 1,500 securitization companies in Luxembourg, only 33 of which are regulated. This now includes Acatus.
Securitizations have fallen into disrepute during the financial market crisis. Investors bought securities based on real estate loans at risk of default. In contrast, Acatus emphasizes the existing transparency. "Nobody buys a pig in a poke from us," said Acatus founder Seelig in a conversation with the Handelsblatt recently.
The company raised 5.5 million euros in an A round of financing two months ago. Acatus wants to expand with the money. According to the information given at the time, there were loans in the medium three-digit million range on the platform. "Quickly" the billions are to be exceeded, said Seelig in an interview with the Handelsblatt in early November. With the securitization license, this goal could be achieved in a manageable amount of time.
More: Investment banker and ex-monetary politician Jörg Asmussen believes that the start-up boom at Fintechs in Germany is over for now. That doesn't worry him.
. (tagsToTranslate) Acatus (t) Fintech (t) Start-up (t) Credit securitization (t) Marie Louise Seelig (t) Daniel Wigbers (t) Investment (t) Credit (t) Financing (t) Bond (t) Corporate loan