EQS-News: CHAPTERS Group AG Expands Financial Technologies Segment: Subsidiary Fintiba merges with Expatrio

CHAPTERS Group AG Expands Financial Technologies Segment: Subsidiary Fintiba merges with Expatrio

• Merger of Fintiba and Expatrio enables increased investment in products for international students and skilled professionals in Germany.
• Comprehensive offering through collaboration with FIB Frankfurt International Bank AG.
• Post-transaction, the new established Financial Technologies segment reports pro-forma revenues 2024 of €42 million - more than twice the level prior to the deal.
• Fintiba CEO Bastian Krieghoff will join the Executive Board of CHAPTERS Group AG.

Hamburg, May 22, 2025 – CHAPTERS Group AG (ISIN: DE0006618309) today announced the merger of its subsidiary Fintiba GmbH with Expatrio Global Services GmbH. Bastian Krieghoff, CEO of Fintiba, will be appointed to the Executive Board of CHAPTERS Group AG by the Supervisory Board shortly. The companies, which will belong to the newly created Financial Technologies segment, are both active in providing financial services to international students and professionals in Germany. Blocked accounts, which serve as proof of funds for the visa process, as well as health insurance for stays in Germany, form the core components of the offering. In December 2024, Fintiba acquired Coracle, increased market share and contributes the company now into the newly formed group.

Significant growth potential and positive financial outlook

Upon completion of the transaction, CHAPTERS will hold a 61.8% stake in the merged entity. Pro forma revenue for the Financial Technologies segment in 2024 is projected to total €42 million - more than double the segment’s revenue prior to the transaction. Looking ahead, CHAPTERS anticipates low teens organic growth for the segment in 2025.

Due to the significant synergies anticipated as a result of the transaction, organic revenue and adjusted EBITDA growth for the Financial Technologies segment is expected to be well above the current level starting from the 2026 financial year.

“This strategic decision is an important milestone in our growth strategy. The merger of Fintiba, Expatrio, and Coracle creates a new player in financial services for international students and expatriates. We are establishing a platform with enormous potential for further, sustainable growth in a dynamic market. I‘m especially pleased that Bastian Krieghoff will join Marlene Carl and myself as a fellow board member and will assume overall responsibility for the Financial Technologies segment moving forward,” explained Jan-Hendrik Mohr, CEO of CHAPTERS.

"Finance beyond borders": Simplified Financial Management for Internationals

Fintiba, Expatrio, and Coracle, previously hidden champions in the fintech sector, have established themselves for many years as entrepreneur-led companies - without any venture capital financing. They have successfully served the market for international students and skilled professionals with a range of financial products, including blocked accounts, all while maintaining the highest quality standards. With the new Financial Technologies segment and this merger, CHAPTERS is setting a clear signal for greater security, reliability, and innovative new products - to the benefit of international students and professionals.

Through a strategic partnership with Frankfurt International Bank AG (FIB), the group will in the future offer current accounts and debit cards in addition to blocked accounts. It is also planned to develop further innovative financial products together with FIB. FIB was established in 2022 by CHAPTERS and shareholders of Fintiba GmbH together with shareholders of TraFinScout as experts in small-ticket export financing and received a full banking license in 2024.

“Germany has now become the most popular non-English-speaking host country for international students worldwide, to which these three companies have made a decisive contribution with their reliable and user-friendly financial solutions,” said Bastian Krieghoff, CEO and founder of Fintiba. “With our planned expanded offering, we are strengthening our position and making it even easier for international talent to access the German education and job market. This, in turn, helps the German economy tackle skills shortages. At the same time, the small-ticket export financing solutions from FIB are strengthening German exports. Therefore, we are supporting the country in overcoming two of its most pressing challenges.”

A New Chapter for Three Strong Brands with One Common Goal

“With over 500,000 customers from 190 countries and more than 250 employees from over 30 nations, Fintiba, Expatrio, and Coracle reflect the diversity of the global market,” says Tobias Fischer, CEO and co-founder of Expatrio. “That is why this merger is far more than just a combination - it unites our expertise and our common goal of optimally supporting international talents so that they can successfully find their footing in Germany. To achieve this, we will continue to invest in custom-made solutions involving financial services and clearly extending beyond them.”

With a focus on maximizing customer value, the group aims to combine expert human know-how with state-of-the-art technology. The AI solutions that have already been successfully implemented at Fintiba and Expatrio will be rolled out across the group. In parallel, close collaboration with universities, education agencies, and government authorities will be further strengthened to expand the strong network for international talents in Germany.

The transaction is expected to close in May 2025, subject to the usual contractual conditions.

For interested investors, an Investors Call will take place on May 22, 2025, at 2:30 pm (CEST). We cordially invite you to participate and to learn more about current developments.

Please register here to participate our call. Please check your inbox after registration and confirm your e-mail address.

Press Contact:
Laura Montag Communications
lm@laura-montag.com
+49 177 7744868
Opernplatz 14
60313 Frankfurt am Main

Investor Relations Contact:

CHAPTERS Group AG
ir@chaptersgroup.com
+49 (0) 40 / 20 95 02 69
Falkenried 29
20251 Hamburg

About CHAPTERS GROUP AG
CHAPTERS GROUP is a holding company investing in attractive small and medium-sized enterprises across various industries. We pursue a long-term, entrepreneurial investment strategy. As a listed company, we provide permanent capital. Our goal is to create value for our investors over decades by enabling our portfolio companies to continuously develop and grow.

More information at www.chaptersgroup.com.

Forward-Looking Statements
This release may contain forward-looking statements. Actual results may differ materially from the estimates or forecasts contained in such forward-looking statements.