Allianz X, the digital investment unit of the Allianz Group, announced today that it will acquire Finanzen.de, a leading European B2B online marketplace for high-value consumer traffic in the insurance and financial services sectors.
Headquartered in Berlin, Finanzen.de uses a proprietary platform to connect lead generators and buyers in real-time. Additionally, the company acts as an online broker for certain insurance products in Germany and Switzerland. Over 1.2 million leads were traded on Finanzen.de’s platform in 2018.
“The acquisition of Finanzen.de will enhance our access to potential customers, support the success of our agents, and strengthen our sales networks,” said Ivan de la Sota, Member of the Board of Management and Chief Business Transformation Officer of Allianz SE.
Allianz X has entered into a binding agreement with Eli Global to assume complete ownership of the company.
Nazim Cetin, CEO of Allianz X, said, “Acquiring Finanzen.de will secure us a strong position in a fast-growing online leads market. We look forward to developing synergies with Finanzen.de, as well as supporting the expansion of its business to create further value.”
The acquisition is subject to customary closing procedures and is expected to close within the third quarter of this fiscal year.
Finanzen.de is a B2B insurance and financial services leads marketplace. Finanzen.de targets the market of customer leads for insurance and financial products that are difficult to understand and compare. Finanzen.de additionally acts as a licensed broker for certain insurance products in Germany and Switzerland.