Corporate Division Financial Services
The Corporate Division Financial Services includes the leasing and factoring provider abcfinance with abcbank, the car finance provider Bank11, and the start-up Yareto, the only car loan comparison portal for retailers in the German market.
ABCFINANCE
Partner of medium-sized companies
The abcfinance business unit offers tailored financial services to around 80,000 predominantly medium-sized customers and is a leader among non-bank and manufacturer-independent players in the market. In the leasing segment, abcfinance finances mobile economic goods, including used, lower-value, and intangible objects as well as software or licenses. With the factoring segment, abcfinance offers the purchase of receivables, thus providing financial leeway even for small and micro-enterprises. The sales financing segment rounds off the range of services by supporting the sales activities of dealers and manufacturers with customer- and industry-appropriate financing solutions. Closely linked to abcfinance is abcbank, which refinances the leasing and factoring business, offers various investment products, and conducts securitization transactions1.
For the ideas of medium-sized customers, the business unit provides the appropriate financing solutions and thus ensures liquidity – as a reliable partner, even in challenging times.
BANK11
Fast, smart, digital
The Bank11 business unit specializes in sales and purchase financing in the car trade and offers the currently approximately 20,600 trading partners and their customers competitive and, above all, digitally accessible products around the topic of mobility and insurance. In addition, the business unit distributes consumer loans via partner banking and direct business and offers various investment opportunities through overnight and fixed-term deposit accounts.
In 2023, Bank11 was awarded “Best Car Bank,” among other things. Customers are convinced by the digital, simple products and efficient processes in daily business, which create real added value in everyday sales – fast, smart, digital.
Yareto
Brings retailers and banks together
The Werhahn activity was founded in 2016 and is the first and so far only credit comparison portal for the car trade. Yareto is almost entirely based on a digitized business model, works accordingly with agile methods, and offers products for sales and purchase financing as well as insurance. Nationwide, the sales team currently serves over 15,500 car dealers; every second dealer in Germany is now registered on the platform.
Simple comparison of car financing at ten renowned banks at a glance, complete processing, immediate credit approvals – Yareto brings traders and banks together
