Aareal Bank acquires payment solutions provider CollectAI from Otto Group

DGAP-News: Aareal Bank AG / Tag(s): Takeover
24.03.2022 / 11:00
The issuer is solely responsible for the content of this announcement.

Aareal Bank acquires payment solutions provider CollectAI from Otto Group

– Banking & Digital Solutions segment to expand its product portfolio

– Lars Ernst, Managing Director, Banking & Digital Solutions: “CollectAI complements the existing offerings of our AEPP payment platform. In addition, it gives us the opportunity to explore new markets and customer groups.”

Wiesbaden, March 24, 2022 – Aareal Bank Group has acquired all shares of Collect Artificial Intelligence GmbH (“CollectAI”), a payment solution provider offering intelligent AI-based invoicing and dunning processes, from Otto Group. With this acquisition, Aareal Bank Group expands its range of products and services in the Banking & Digital Solutions segment, adding end-customer communication functionalities as well as AI-based solutions for interactive invoices and dunning processes smart.

“CollectAI complements the existing offerings of our AEPP payment platform. In addition, it gives us the opportunity to explore new markets and customer groups, and to continue our growth with existing customers in the housing sector and industries. related,” said Lars Ernst. , Managing Director, Banking & Digital Solutions at Aareal Bank AG.

With its AI-based software, CollectAI already has a strong position in e-commerce, energy utilities, and banking and insurance. CollectAI helps clients reduce process costs while improving success rates in the dunning process. For example, in an exclusive partnership with Otto Group’s Payment Entwicklungsgesellschaft (PEG), the payments development arm of the Otto Group, the Hamburg-based fintech will support payment-related communications with end customers of the Otto marketplace for e-commerce the platform’s 2,500 partners. CollectAI provides end customers with an easy-to-use digital payment experience.

This service offering is also very attractive to existing Aareal Bank customers, including those in the housing sector. Moreover, the strong position of CollectAI opens up additional potential for cooperation with related industries, also internationally.

The acquisition of CollectAI shows that the “Aareal Next Level” strategic program is being consistently implemented in the Banking & Digital Solutions segment, supporting the Group’s growth plans in its core payment services offering as well as revenues fees unrelated to higher interest.

The parties have agreed not to disclose the terms of the acquisition.

For more details on the product range of the Banking & Digital Solutions segment, please visit: https://www.aareal-bank.com/en/products-consulting-and-solutions

contacts

Olivier Tross
Telephone: +49 611 348-2183
Mobile: +49 175 4357559
oliver.tross@aareal-bank.com

Christian Feldbrugge
Telephone: +49 611 348-2280
Mobile: +49 171 8667919
christian.feldbruegge@aareal-bank.com

About Aareal Bank Group
Aareal Bank Group, headquartered in Wiesbaden, is a leading international real estate specialist. It provides smart financing, software products and digital solutions for the real estate sector and related industries, and is present on three continents: Europe, North America and Asia/Pacific. Aareal Bank Group’s business strategy focuses on sustainable business success, with environmental, social and governance aspects being an integral part of this strategy. Aareal Bank AG, whose shares are included in Deutsche Börse’s SDAX index, is the Group’s parent entity. It manages the various entities organized in the Group’s businesses: Structured Real Estate Financing, Banking & Digital Solutions and Aareon. The Structured Real Estate Finance segment encompasses all of Aareal Bank Group’s financing and real estate financing activities. Here, the Bank assists its clients in carrying out large-volume tertiary real estate investments. Investment properties mainly include office buildings, hotels, shopping centres, logistics and residential buildings, as well as student apartments. In the Banking & Digital Solutions segment, Aareal Bank Group supports companies in the housing, property management and energy sectors as a partner in digitalization – combining extensive advisory services and product solutions with services traditional business banking and deposit taking. Its subsidiary Aareon, the leading provider of ERP software and digital solutions for the European real estate sector and its partners, represents the third business segment. Aareon digitizes the real estate industry by delivering user-centric software solutions that simplify and automate processes, support sustainable and energy-efficient operations, and interconnect all process participants.

About CollectAI
Hamburg-based fintech CollectAI offers a smart payment software platform for interactive invoices and smart reminders. Leveraging artificial intelligence, CollectAI combines digital communication channels with multiple payment methods – either on a modular basis or in a complete solution. Smart technology has proven effective in making exceptional items at low cost. Beyond that, CollectAI optimizes the customer journey for banks, energy providers, insurers, telecommunications, e-commerce and mobility companies through innovative industry-specific features. CollectAI was founded in 2016, as a subsidiary of Otto Group, a global group of retailers and retail-related service providers.
More information is available at www.collect.ai

Media contact:
Christin Martens, +49 163 5413164, christin.martens@collect.ai

About Otto Group
Founded in Germany in 1949, the Otto Group is today a globally active retail and service group with approximately 50,000 employees in 30 major corporate groups and operates in more than 30 countries in Europe, North and South America and Asia. Its business activities are grouped into three segments: Multichannel Retail, Financial Services and Service. In the financial year 2020/21 (until February 28), the Otto Group achieved a turnover of 15.6 billion euros. With online revenues of around 9.9 billion euros, the Otto Group is one of the largest online retailers in the world. The particular strength of the Group lies in its broad market presence and its differentiated product and service offerings aimed at various customer target groups in almost all relevant economic regions of the world. Numerous strategic partnerships and joint ventures offer the Otto Group excellent opportunities for transferring know-how and exploiting areas of synergy potential. Group companies demonstrate a high degree of corporate responsibility and willingness to collaborate with each other; at the same time, this guarantees flexibility, proximity to customers and optimal appeal for target groups in their respective national markets.

More information is available at www.ottogroup.com/fr

Media contact:
Martin Zander, +49 40 6461-2820, martin.zander@ottogroup.com

24.03.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP distribution services include regulatory announcements, financial/corporate news and press releases.
Archive at www.dgap.de

Comments are closed.