Deutsche Bank buys 12.5% stake in TrustBills

Troubled German banking giant Deutsche Bank is making an investment in the FinTech space and taking a 12.5% stake in trade receivables marketplace TrustBills.

The Hamburg-based company offers an electronic auction platform for selling international receivables of companies to institutional investors.

Deutsche Bank’s head of global transaction banking Germany Michael Spiegel said: “Advancements in technology will significantly change the trade finance market.

“The digital solution offered by TrustBills is an excellent add-on to our value proposition in corporate banking.”

The startup’s founder and CEO Joerg Hoerster said Deutsche Bank’s position as one of the world’s largest trade finance banks will “provide a great basis for the international roll out of TrustBills.”

The financial terms of the deal are undisclosed. It follows Frankfurt-based DZ Bank’s acquisition of 25% of TrustBills.

DZ Bank’s head of structured finance Gottfried Finken commented on the deal: “We welcome the investment of Deutsche Bank which will further boost particularly the company’s internationalisation.”

Adding: “The corporate clients of the cooperative banks and DZ BANK who export globally will benefit from it.”

This article first appeared on FinTech.Global. For more deal news as well as in-depth expert perspectives, articles, data and analysis please visit

Copyright © 2017 FINTECH GLOBAL