Bank11
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.
- Company typePrivate
- Founded2011
- HeadquartersNeuss, Germany
- Headcount51–100
- GTM typeB2C
- OfferingServices
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.
Bank11 firmographics
Firmographics- 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
Bank11 industry classification
Industry- 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
Where Bank11 is headquartered
LocationHeadquarters
- HQ city
- Neuss
- HQ country
- Germany
- HQ region
- Europe
Offices2 records
Markets served
Bank11 business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- 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.
- 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).
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Tagesgeldkonto (Savings Account) for new customers |
| Subscription | Multi-year contract | Festgeld Relax (Fixed-term Deposit Relax) |
| Subscription | Multi-year contract | Festgeld Classic (Fixed-term Deposit Classic) |
| Subscription | Multi-year contract | Sparbriefkonto TotalFlex (Savings Bond TotalFlex) |
| Transaction based/ take rate | Monthly | Privatkredit (Personal Loan) - Variable by creditworthiness |
| Transaction based/ take rate | Monthly | Autokredit (Auto Loan) - Variable by creditworthiness |
| Subscription | Monthly | Insurance Products (Kaufpreisversicherung, Tagegeldversicherung, etc.) |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
Bank11 product offering
Product offeringCore 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
Companies that use Bank11
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Bank11 technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration22 records
AI capability4 records
Feature6 records
Bank11 partnerships and signals
Strategic signalPartnerships
23 partnerships are on record, tiered core and minor.
- ADACcoreADAC, 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.
- AutoScout24corePartnership for providing vehicle financing services integrated with AutoScout24's automotive marketplace platform, one of Germany's largest vehicle marketplaces.
- mobile.decorePartnership with mobile.de, described as 'Deutschlands größter Fahrzeugmarkt' (Germany's largest vehicle marketplace), for integrated vehicle financing solutions.
- MeinAutominorPartnership for auto financing solutions with MeinAuto platform.
- König AutohausminorAutomotive dealer partnership for point-of-sale financing of vehicles.
- Credit Life AGcorePartnership 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 CardifcorePartnership for insurance product distribution, mentioned in November 2022 press release.
- Landesverband des Kfz-Gewerbes HessencorePartnership announced November 2025 with state automotive trade association in Hessen for dealer financing solutions.
- Verband des Kraftfahrzeuggewerbe SachsencorePartnership announced July 2025 with state automotive trade association in Saxony.
- Verband des Kraftfahrzeuggewerbe Baden WürttembergcorePartnership announced July 2024 with state automotive trade association in Baden-Württemberg.
- autobid.deminorPartnership with autobid.de for vehicle remarketing and financing solutions, began June 2022.
- KleinanzeigenminorPartnership announced May 2024 for vehicle financing services.
- smiveminorPartnership for bicycle and e-bike financing solutions. smive expanded to business segment in March 2021.
- e-SchwalbeminorPartnership announced October 2023 for electric vehicle financing.
- AUTOproffminorPartnership with Danish B2B auction platform AUTOproff announced September 2021.
- Roadfans GmbHminorPartnership announced July 2021 for financing solutions.
- MG (Automobilhersteller)minorPartnership announced March 2021 with automobile manufacturer MG.
- WebID Solutions GmbHcoreTechnology partner for video-based online identity verification enabling digital contract signing with qualified electronic signature (QES). Located at Friedrichstraße 88, 10117 Berlin.
- Gini GmbHcoreAI-powered document scanning service for extracting payment data from photographed invoices (Fotoüberweisung/Rechnung hochladen). Located at Ridlerstraße 57, 80339 München.
- Atruvia AGcoreTechnology 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 GmbHminorAffiliate marketing network placing affiliate links on partner websites. Located at Venusstraße 2, 13405 Berlin.
- SCHUFA Holding AGcoreCredit agency used for creditworthiness checks during loan applications. Located at Kormoranweg 5, 65201 Wiesbaden.
- Verband der Vereine Creditreform e.V.coreCredit agency used for credit checks and creditworthiness assessment. Located at Hellersbergstraße 12, 41460 Neuss.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Bank11 competitors and assessment
Company assessmentDirect 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
Bank11 social profiles
Digital presenceBank11 compliance and trust
Trust signalCompliance8 records
Bank11 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bank11 leadership team
Management profileNumber of profiles
Profiles4 records
Bank11 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bank11 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bank11
What does Bank11 do?
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.
Is Bank11 a public or private company?
Bank11 is a private company. It is classified as corporate owned and is currently operating.
When was Bank11 founded?
Bank11 was founded in 2011. It employs 51 to 100 people.
Where is Bank11 based?
Bank11 is headquartered in Neuss, Germany, in the Europe region.
How does Bank11 make money?
Three revenue lines are on record. Interest Income from Lending is the primary driver. The others are insurance Commission and deposit Interest Payments.
Who are Bank11's main competitors?
Direct peers on record are Santander Consumer Bank, Renault Bank direkt, DKB (Deutsche Kreditbank), CreditPlus Bank, ING Deutschland (formerly ING-DiBa), Volkswagen Financial Services, SWK Bank and Consorsbank. BMW Bank is listed as a broad incumbent. Atruvia AG is listed as an others.
Does Bank11 have an API?
No public API is recorded for Bank11.
What industry is Bank11 in?
Bank11's product category is Direct Banking. Its primary akta.pro industry code is FSAKAAAK, Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment), with a secondary code of FSAHAJAF, Direct Lending — Specialty Finance (Consumer/SME Lending Platforms). Its NAICS code is 522110 and its SIC code is 6141.