Herbst Kinsky has advised Viennese FinTech start-up FINcredible GmbH on the acquisition by credit protection association KSV1870 of a 25.1% stake in the company for an undisclosed sum.
"For FINcredible, KSV1870 is an optimal strategic fit that generates high added value for the clients of both companies," commented Herbst Kinsky Partner Philipp Kinsky, who led his firm's team on the deal. "We look forward to this milestone with FINcredible and hope that their decision to start strategic support early on will also serve as a role model for other Fintechs in Austria."
In addition to Kinsky, the Herbst Kinsky team consisted of Associates Carl Walderdorff and Georg Durstberger.
Herbst Kinsky did not reply to our inquiry on the matter.