Helvetia expands its stake in Moneypark

Changes are coming to the fintech Moneypark, which focuses on brokering mortgages and real estate services. As of May this year, Stefan Heitmann, founder and Chief Executive Officer (CEO), will hand over his position to current Chairman of the Board Martin Tschopp. Heitmann will remain a shareholder and will serve as a board member with an executive function at Moneypark in the future, the fintech announced.

Stefan Heitmann founded Moneypark in 2012, and the company now has 300 employees and brokers a mortgage volume of more than CHF 3 billion per year. Most recently, the fintech has expanded its range of services to include real estate services.

CEO-designate Martin Tschopp has been Chairman of the Board of Directors at Moneypark since 2019. He has been with Helvetia since 2017, first as Head of Corporate Development and then as a member of the Executive Management of Helvetia Switzerland. In addition to the investment in Moneypark, his responsibilities also include the Helvetia Venture Fund, the online insurance Smile and the customer and market management of Helvetia Switzerland.

As TX Group announced at the same time as the change in management, it sold its shares in Moneypark to Helvetia Group in February. It had acquired a minority stake in the fintech in 2014 and already realized a partial sale to Helvetia in 2016. Now the insurance company has also acquired the remaining shares. In the course of the sale, Jens Schleuniger, Investment Director at TX Ventures, is leaving Moneypark's Board of Directors. (ah)