Bank11

What Bank11 does

Bank11 für Privatkunden und Handel GmbH is a German direct bank founded in 2011 and headquartered in Neuss, operating as a wholly-owned subsidiary of the diversified family-owned conglomerate Wilh. Werhahn KG. It is regulated by BaFin and the European Central Bank, holds a full banking license, and is a member of the Bundesverband deutscher Banken deposit guarantee scheme. The bank employs 51-100 staff and operates exclusively in the German retail market under the consumer-facing brand "Die Autobank," with a sub-brand smive for digital rental deposits.

The core product set spans consumer lending (Autokredit, Privatkredit, Rahmenkredit, Energiekredit), retail savings (Tagesgeldkonto, Festgeld Relax/Classic, Sparbriefkonto TotalFlex), and an attached insurance portfolio (purchase price, daily allowance, repair cost, residual credit, and income protection covers) distributed via partnerships with Credit Life AG, BNP Paribas Cardif, and Rheinland Versicherung. Distribution runs through three layers: the bank's own digital channels (website, Service-Portal, multibank-capable Banking App built by Atruvia AG), point-of-sale dealer financing via automotive credit intermediaries, and embedded financing on automotive marketplaces (ADAC, AutoScout24, mobile.de, MeinAuto) plus state-level Kfz-Gewerbe trade associations in Hessen, Sachsen, and Baden-Württemberg. Loan origination is funded by retail deposits and refinanced through capital markets, evidenced by Bank11's first auto ABS placement in May 2023 and the RevoCar-2023 transaction.

Revenue mechanics combine net interest margin on the loan book, deposit-driven funding cost arbitrage on the savings book, and recurring insurance commissions as a registered §34d GewO insurance agent. Technology is delivered primarily through partners — Atruvia AG for the mobile app, WebID Solutions GmbH for video-based QES identity verification, Gini GmbH for AI-powered invoice OCR, and Finext GmbH for the CO2Check feature — with no disclosed proprietary AI research or patents. The business is positioned as a niche, vertically-specialized direct bank leveraging Germany's largest automotive platforms for origination while building non-cyclical fee income through insurance attach and adjacent verticals such as EV and energy transition financing.

Name

Bank11

Legal name

Bank11 für Privatkunden und Handel GmbH

Website

https://bank11.de

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Bank11 is a BaFin-regulated German direct bank, wholly owned by Wilh. Werhahn KG, offering auto loans, personal loans, savings products, and insurance to retail consumers and automotive dealers via digital channels and embedded partnerships with ADAC, mobile.de, and AutoScout24.

Ownership category

akta.pro rank

Product category

Direct Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Sales Financing (522220), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Personal Credit Institutions (6141), National Commercial Banks (6021)

akta.pro primary industry

Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment) (FSAKAAAK)

akta.pro secondary industry

Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

Keywords

• Consumer lending services
• Direct banking services
• Auto loan financing
• Savings deposits
• Insurance distribution

Headquarters

HQ city

Neuss

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Bank11 generates primary revenue through interest income on consumer loans including auto loans (Autokredit), personal loans (Privatkredit), credit lines (Rahmenkredit), and energy loans (Energiekredit). Interest rates are customer-specific and depend on creditworthiness and loan term.
2. Insurance Commission: Bank11 acts as an insurance agent (Versicherungsvertreter) earning commissions for insurance products including purchase price insurance (Kaufpreisversicherung), daily allowance insurance (Tagegeldversicherung), repair cost insurance (Reparaturkostenversicherung), residual credit insurance (Restkreditversicherung), and income protection packages (Einkommensschutzbrief).
3. Deposit Interest Payments: Bank11 accepts customer deposits through savings products including Tagesgeld (savings account), Festgeld (fixed-term deposit), and Sparbriefkonto (savings bond), paying interest to depositors.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Bank11 für Privatkunden und Handel GmbH is a German direct bank that offers consumer loans (auto loans, personal loans, revolving credit lines, and energy loans), savings products (Tagesgeld savings account, Festgeld fixed-term deposits, and Sparbriefkonto savings bonds), and a portfolio of insurance products (purchase price, daily allowance, repair cost, residual credit, and income protection). The company operates a digital-first banking platform with a self-service portal and mobile banking app, distributing financing both directly online and through automotive dealer and marketplace partners.

Product overview

Bank11 für Privatkunden und Handel GmbH is a German direct bank offering a comprehensive digital banking platform with consumer lending products (autokredit, privatkredit, rahmenkredit, energiekredit), savings products (tagesgeldkonto, festgeld relax, festgeld classic, sparbriefkonto totalflex), and insurance products (evo protect, evo life, evomobil, tagegeldversicherung, reparaturkostenversicherung, restkreditversicherung). The platform is anchored by a digital Service-Portal and Bank11 Banking App for mobile access. Core lending and savings products are supplemented by ancillary services including an E-Auto-Förderrechner for EV subsidies, Ratenreduzierung for payment adjustments, Kreditablöse for loan payoff, and CO2Check for sustainability tracking. Insurance offerings are distributed through partnerships with Credit Life AG, Rheinland Versicherung AG, and BNP Paribas Cardif. The company operates primarily as a direct bank with partnerships across automotive marketplaces (AutoScout24, mobile.de, MeinAuto, ADAC) and automotive trade associations.

Differentiator

Problem solved

Functional benefit

Brands

• smive: Rental deposit solution - a smart alternative to traditional rental deposits
• Bank11-EvoProtect
• Bank11-EvoProtect Premium
• Bank11-EvoLife
• Bank11-EvoBAFA
• Bank11 smartMietkaution

Products and services

• Autokredit Vehicle financing product enabling customers to finance car purchases with individual conditions, quick decisions, and same-day payout capability, offered through partner dealers and directly online to retail consumers in Germany.
• Privatkredit Flexible personal loan for any purpose with loan amounts from €4,000 to €75,000, terms from 12 to 120 months, and payouts within 24 hours of document submission, available to individual retail consumers.
• Rahmenkredit Revolving credit line allowing flexible borrowing and repayment with variable interest rates for retail consumers.
• Energiekredit Specialized credit product for financing energy-related investments such as solar panels, heat pumps, and energy efficiency improvements, available to retail consumers.
• Tagesgeldkonto Overnight deposit account offering interest on savings with no lock-up period, providing flexibility for retail savers. Current rate of 1.50% p.a. up to €250,000 for new customers effective from 13.03.2026.
• Festgeld Relax Fixed-term deposit product with guaranteed interest rates for the entire term, offering stable returns for retail savers.
• Festgeld Classic Classic fixed-term deposit product with guaranteed interest rates for the agreed investment period for retail savers.
• Sparbriefkonto TotalFlex Flexible savings bond account combining fixed interest rates with flexible access options for retail savers.
• Bank11-EvoProtect (Kaufpreisversicherung) Purchase price protection insurance protecting buyers against price drops of financed vehicles during the policy period, distributed by Bank11 as insurance agent.
• Tagegeldversicherung Daily allowance insurance providing payments during illness or hospitalization periods, distributed by Bank11 as insurance agent.
• Reparaturkostenversicherung Repair cost insurance covering vehicle repair expenses for unexpected mechanical or electrical failures, distributed by Bank11 as insurance agent.
• Restkreditversicherung Credit protection insurance covering outstanding loan balances in case of death, disability, or unemployment, distributed by Bank11 as insurance agent.
• Bank11-EvoLife (Einkommensschutzbrief) Income protection insurance product launched in September 2025 providing coverage for loss of income due to illness or unemployment, developed with Credit Life AG.
• Bank11-Evomobil Vehicle insurance product launched in December 2024 providing comprehensive vehicle protection coverage.

Quantifiable outcome

• Loan disbursement within 24 hours after document submission
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration22 records

AI capability4 records

Feature6 records

Partnerships

23 partnerships are on record, tiered core and minor.

• ADACcoreGTM or Marketing Partner · 1 May 2025ADAC, Germany's largest automobile club, offers Bank11's auto financing product through their platform. In 2025, ADAC with Bank11 financing was recognized as having the 'Best Online-Autokredit 2025'. The partnership enables ADAC members to access competitive vehicle financing.
• AutoScout24coreGTM or Marketing PartnerPartnership for providing vehicle financing services integrated with AutoScout24's automotive marketplace platform, one of Germany's largest vehicle marketplaces.
• mobile.decoreGTM or Marketing PartnerPartnership with mobile.de, described as 'Deutschlands größter Fahrzeugmarkt' (Germany's largest vehicle marketplace), for integrated vehicle financing solutions.
• MeinAutominorGTM or Marketing PartnerPartnership for auto financing solutions with MeinAuto platform.
• König AutohausminorChannel Partner/ Reseller/ DistributorAutomotive dealer partnership for point-of-sale financing of vehicles.
• Credit Life AGcoreTechnology or IntegrationPartnership for insurance products including launch of 'Bank11-EvoLife' (Einkommensschutzbrief) income protection product in September 2025. Also provides insurance products EvoProtect, EvoPrevent, and Ratenschutz.
• BNP Paribas CardifcoreTechnology or IntegrationPartnership for insurance product distribution, mentioned in November 2022 press release.
• Landesverband des Kfz-Gewerbes HessencoreChannel Partner/ Reseller/ DistributorPartnership announced November 2025 with state automotive trade association in Hessen for dealer financing solutions.
• Verband des Kraftfahrzeuggewerbe SachsencoreChannel Partner/ Reseller/ DistributorPartnership announced July 2025 with state automotive trade association in Saxony.
• Verband des Kraftfahrzeuggewerbe Baden WürttembergcoreChannel Partner/ Reseller/ DistributorPartnership announced July 2024 with state automotive trade association in Baden-Württemberg.
• autobid.deminorGTM or Marketing PartnerPartnership with autobid.de for vehicle remarketing and financing solutions, began June 2022.
• KleinanzeigenminorGTM or Marketing PartnerPartnership announced May 2024 for vehicle financing services.
• smiveminorGTM or Marketing PartnerPartnership for bicycle and e-bike financing solutions. smive expanded to business segment in March 2021.
• e-SchwalbeminorGTM or Marketing PartnerPartnership announced October 2023 for electric vehicle financing.
• AUTOproffminorGTM or Marketing PartnerPartnership with Danish B2B auction platform AUTOproff announced September 2021.
• Roadfans GmbHminorGTM or Marketing PartnerPartnership announced July 2021 for financing solutions.
• MG (Automobilhersteller)minorGTM or Marketing PartnerPartnership announced March 2021 with automobile manufacturer MG.
• WebID Solutions GmbHcoreTechnology or IntegrationTechnology partner for video-based online identity verification enabling digital contract signing with qualified electronic signature (QES). Located at Friedrichstraße 88, 10117 Berlin.
• Gini GmbHcoreTechnology or IntegrationAI-powered document scanning service for extracting payment data from photographed invoices (Fotoüberweisung/Rechnung hochladen). Located at Ridlerstraße 57, 80339 München.
• Atruvia AGcoreTechnology or IntegrationTechnology provider developing and maintaining the Bank11 Banking App on behalf of Bank11. Located at Fiduciastraße 20, 76227 Karlsruhe and GAD-Straße 2-6, 48163 Münster.
• Mobility Ads GmbHminorGTM or Marketing PartnerAffiliate marketing network placing affiliate links on partner websites. Located at Venusstraße 2, 13405 Berlin.
• SCHUFA Holding AGcoreTechnology or IntegrationCredit agency used for creditworthiness checks during loan applications. Located at Kormoranweg 5, 65201 Wiesbaden.
• Verband der Vereine Creditreform e.V.coreTechnology or IntegrationCredit agency used for credit checks and creditworthiness assessment. Located at Hellersbergstraße 12, 41460 Neuss.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Santander Consumer Bank: Major German consumer credit and auto finance player; competes directly with Bank11 on installment loans and vehicle financing through dealer and direct channels.
• Renault Bank direkt: Direct bank within the Renault/Nissan dealer network offering Tagesgeld, Festgeld and auto-related financing — closely comparable hybrid auto-finance + savings-deposit model to Bank11.
• DKB (Deutsche Kreditbank): German digital bank with consumer lending, savings and brokered products; competes with Bank11 for German retail deposits and personal loan customers via a similar direct-bank model.
• CreditPlus Bank: German consumer credit specialist bank (BNP Paribas group) offering installment loans and refinancing — competes in the same unsecured personal loan segment as Bank11's Privatkredit.
• ING Deutschland (formerly ING-DiBa): Germany's largest direct bank, offering consumer loans, savings products and digital banking — direct head-to-head competitor with Bank11 in D2C lending and deposit products for retail customers.
• Volkswagen Financial Services: Captive auto finance provider for the VW Group and a benchmark for dealer-channel vehicle finance in Germany — closely comparable to Bank11's auto-loan business model.
• SWK Bank: Smaller German direct bank focused on consumer installment loans and savings products — a comparable niche D2C lending competitor to Bank11 in the German retail credit market.
• Consorsbank: German online bank (BNP Paribas subsidiary) targeting retail customers with savings and consumer lending products — comparable direct-bank competition to Bank11's deposit and personal-loan offerings.

Broad incumbents

• BMW Bank: Auto captive finance arm of BMW Group offering dealer financing, leases and savings — competes in the dealer-channel auto financing space where Bank11 originates most of its volume.

Others

• Atruvia AG: Core-banking technology provider that develops and operates Bank11's mobile banking app and processes; an enabling technology partner rather than competitor, but shapes Bank11's product velocity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/DieAutobank
• Instagraminstagram.com/bank11_dieautobank
• LinkedInlinkedin.com/company/bank11

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank11