Valiant Bank takes over Agent Selly

Valiant Bank so far holds 38% in the brokerage company. The majority acquisition strengthens the core business, in particular the area of mortgages for private individuals, Valiant says.

Agent Selly and Valiant have been cooperating since the beginning of 2018, with the bank supporting the start-up in operational processes, as an investor, and in the valuation and inspection of properties for sale, Valiant says. It also refers potential sellers and buyers to the agent and offers them financing.

Agent Selly advertises that it supports the process of selling a property with software developed in-house. By automating many steps digitally, the service can be provided more cost-effectively for the customer.

For Valiant, the acquisition is part of the "2020-2024" strategy and the plan to invest in digitalization. In September 2019, the bank had announced that it would further expand various services along the value chain of its customers in order to generate additional revenue. (ah)