Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence to Bayern Kapital ahead of its investment in knowis
knowis supports banks to undertake their digital transformation through its innovative automation tools and profound technical knowledge.
knowis’ expertise has supported over 200 banks to modernize and digitalize its operations, using its “isfinancial” platform as part of the industry’s continued push towards innovation. The business has worked with some of Germany’s largest banks to renovate and optimize their lending processes to improve the customer experience.
Bayern Kapital’s investment will support the continued growth of knowis across Europe, expanding from its base in Germany to other continental markets. It will also focus on growth of the product offering, expanding knowis’ platform capabilities, and building a marketplace solution with a curated selection of domain-specific assets and software capabilities.
“The partnership of knowis and Bayern Kapital will be very important to the development of a high-quality digital transformation offering for leading financial institutions across Europe. With Bayern Kapital’s expertise in growing technology leaders, knowis is in good hands to expand sustainably into new markets and with new products,” said Lukas Ingelheim, Founding Partner at Code & Co.
Scope of Work
Code & Co. provided Tech & Product Due Diligence to Bayern Kapital ahead of its growth investment in knowis, assessing its agility and scalability in what is a very security conscious banking industry. This included an analysis of knowis’ architecture and infrastructure as well as its scaling abilities. Further, Code & Co. assessed knowis’ growth roadmaps and potential growth strategies with a focus on expanding its product offering and new software.
About Bayern Kapital
Bayern Kapital GmbH, based in Landshut, was founded on the initiative of the Bavarian government in 1995. It is a wholly-owned subsidiary of the Bavarian LfA Förderbank . As the venture capital organization of the Land of Bavaria, Bayern Kapital provides equity capital financing for the founders of young innovative technology companies in Bavaria. Presently Bayern Kapital manages twelve investment funds with a about €700m under management. So far, it has invested in more than 300 innovative companies in the fields of technology in various sectors including life science, software & IT, medical technology, materials and new materials, nanotechnology, and environmental technology.
knowis is a specialized software vendor located in Regensburg, Germany. Founded in 2004, the mission is to develop highly flexible and agile technology solutions, particularly with regard to managing and automating complexity in the financial services industry.
About Code & Co.
Code & Co. is an independent advisory firm that specializes in providing modern, actionable Tech & Product Due Diligence for the global alternative investment industry. Our expertise uncovers risks that threaten asset value and opportunities to accelerate growth.