Mars Growth, a Liquidity Group Fund, Provides Fintech Kontist with a $4.5M Facility with only 24 Hours Due Diligence Using ‘Liquidity Analysis’ Platform

Mars Growth, a Liquidity Group and MUFG joint venture fund, announced today it has provided a $4.5 million credit facility for Kontist, a leading fintech company providing banking and bookkeeping services to the self-employed and freelancers in Germany. Kontist will use the additional capital to further its expansion. The transaction brings Liquidity Groups deployment to companies to more than $750 million, targeting $1 billion by year end 2021.

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Mars Growth, a Liquidity Group Fund, Provides Fintech Kontist with a $4.5M Facility with only 24 Hours Due Diligence Using ‘Liquidity Analysis’ Platform (Graphic: Business Wire)

Mars Growth utilized the ‘Liquidity Analysis’ corporate credit machine learning platform to perform comprehensive due diligence instantly and provide a term sheet in only 24 hours, a process that would take conventional financial firms weeks to complete.

Kontist is an all-in-one neo-bank and tax advisory for freelancers, who Kontist believes will shape the future of work and challenge corporate structures by embracing individuality and building successful businesses. Kontist maintains that freelancers don’t get the help they need currently, especially when it comes to the complexity of their finances. Kontist offers the banking and bookkeeping services freelancers deserve, making finances easier to manage and worry-free.

“Kontist is a fintech company providing banking services at the forefront of the new economy,” said Yaron Primovich, Managing Director of Mars Growth. “Its banking services are being utilized across Germany by the growing number of self-employed people. Our ‘Liquidity Analysis’ platform at the center of our funding process gave Kontist access to non-dilutive funding at an unmatched speed. We are delighted to add Kontist to our portfolio of high-potential companies and to help fulfill their ambitions and growth plans.”

“The Mars team has not only provided funding to enable further growth but validated our plans and ambitions through their ‘Liquidity Analysis’ platform,” said Kontist CEO Benjamin Esser. “To have a funding partner benchmark your growth plans against our industry and competitors, strengthens our ambition to achieve our goals. From the initial discussion, the entire process was effortless and took only a few days before they presented us with a term sheet. We found the financing solution a great way to assist us in fueling our growth as we expand.”

About Liquidity Group:

Founded in 2018, the Liquidity Group is a global capital market credit automation company and fund manager providing growth capital through funds focused on the US, Asia, Europe and the Middle East. Liquidity Group’s subsidiary fund, Singapore-based Mars Growth Capital, and its partner MUFG [MUFG:NYSE] jointly handle the company’s South East Asia activity. It combines real-time data with proprietary machine learning technology to offer tailored financing that matches a company’s future growth. Liquidity Group operates three main divisions: Analysis, Capital, and Market Syndication, which together enable global lenders a complete cycle of scaled and quick credit deployment.

About Kontist:

Kontist GmbH is Germany's first digital platform with a clear focus on freelancers and self-employed professionals. Kontist has the mission of making the everyday work of self-employed professionals and freelancers easier by giving them more financial security and control. Kontist combines bookkeeping, taxes, and banking, all in one app.

Founded in Berlin in 2016, Kontist counts more than 120 employees, of which many have a freelance background and is managed by Christopher Plantener, Founder and CEO, and Benjamin Esser, Co-CEO.

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Jared Shapiro [e-mail]