FPS advises main incubator GmbH on investment in FinTech Conpend

Frank­furt, March 21, 2019 — Busi­ness law firm FPS provi­ded compre­hen­sive advice to main incu­ba­tor GmbH, the rese­arch and deve­lo­p­ment unit of Commerz­bank Group, on its venture capi­tal invest­ment in Dutch FinTech start-up Conpend, led by attor­ney Phil­ipp Weber.

main incu­ba­tor GmbH, the rese­arch and deve­lo­p­ment unit of Commerz­bank Group, is inves­t­ing a six-figure sum in the Dutch FinTech start-up Conpend. Conpend digi­ti­zes the mostly manual and paper-heavy proces­ses in the trade finance busi­ness. Conpend’s TRAFINAS soft­ware solu­tion enables banks to digi­tize today’s trade finance process within a few months, redu­cing proces­sing time by up to 50 percent.

main incu­ba­tor GmbH, a wholly owned subsi­diary of Commerz­bank, rese­ar­ches future tech­no­lo­gies such as block­chain, arti­fi­cial intel­li­gence and robo­tics and uses exis­ting solu­ti­ons or deve­lops its own for the banking of the future.

Head­quar­te­red in the Nether­lands, start-up Conpend works closely with stra­te­gic part­ners to support a global custo­mer base. Conpend’s focus is on the compli­­ance-compli­­ant digi­tiza­tion and auto­ma­tion of trade finance, and thanks to market-leading tech­no­logy, the start-up simpli­fies back-office proces­ses and enables the reduc­tion of risks.

Advi­sors to main incu­ba­tor GmbH: FPS Fritze Wicke Seelig, Frank­furt am Main
Phil­ipp Weber, Asso­ciate Part­ner, Lead Part­ner (Venture Capi­tal, M&A, Corporate);
AKD Advo­ca­ten, Nether­lands: Natha­lie van Woer­kom, Part­ner, Lead (Dutch law)