DPS Holding GmbH has taken a stake as co-investor of LBBW Ventures GmbH in startup Xavin GmbH. The acquisition of 16.50 % of the shares in the company, which was founded in June, was notarised at the end of August this year.
Xavin is involved in arranging “emotional loans”. It enables sports clubs and other public organisations to finance investment projects via their members. Xavin’s services range from inviting bids for the project and arranging the loan agreements to processing interest and redemption payments.
In addition to the financial stake, DPS will provide Xavin with expertise with setting up a software platform and developing new business models.
Xavin was developed as a corporate startup of the State Bank of Baden-Württemberg (LBBW). DPS’s stake is also based on the long-standing and close collaboration between LBBW and DPS. For DPS, the equity stake also represents its entry into financing new business ideas in the FinTech and RegTech fields.
The joint press release can be accessed here.