Volksbank Elsen-Wewer-Borchen eG

Name

Volksbank Elsen-Wewer-Borchen eG

Legal name

Volksbank Elsen-Wewer-Borchen eG

Website

https://vb-elsen-wewer-borchen.de

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Paderborn

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Banking fees and commissions: The bank generates revenue through standard banking fees including account maintenance fees (VR-Giro Online at 0.90–4.90 EUR/month), credit interest, investment product distribution commissions, insurance product commissions, and transaction fees on payment services. No explicit revenue breakdown is provided.
2. Investment and insurance product distribution: The bank distributes third-party financial products (Union Investment funds, R+V insurance, Bausparkasse Schwäbisch Hall savings plans, TeamBank easyCredit loans) and earns distribution commissions. These products are accessible through the bank's online portal and branch advisors.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Volksbank Elsen-Wewer-Borchen eG is a German cooperative bank (Genossenschaftsbank) serving retail and business customers in the Paderborn region. It offers current accounts (VR-Giro Online, Geschäftskonto), consumer and business loans (easyCredit, Baufinanzierung, Investitionskredit, Dispokredit), savings and investment products (Fondssparplan, Gewinnsparen, Vermögenswirksame Leistungen, VermögenPlus, Tagesgeldkonto, Sparkonto, Sparbrief, Depot), debit and credit cards (girocard, Kreditkarte), and insurance products distributed through R+V partnership. Distribution occurs via three physical branches (Elsen, Wewer, Borchen), an Online-Geschäftsstelle digital branch platform, the VR Banking App, and telephone banking.

Product overview

Volksbank Elsen-Wewer-Borchen eG is a cooperative bank offering a comprehensive suite of banking products and services organized around digital and branch-based channels. The core digital infrastructure consists of the Online-Geschäftsstelle (online branch) and OnlineBanking & Apps platforms, which serve as the primary interface for account management and service access. Retail banking centers on VR-Giro Online for daily banking, supplemented by credit products like easyCredit (instant credit via TeamBank), Baufinanzierung (mortgage financing), and Dispokredit (overdraft facilities). Savings and investment offerings include Fondssparplan, Gewinnsparen, Vermögenswirksame Leistungen, VermögenPlus, Tagesgeldkonto, Sparkonto, Sparbrief, and securities accounts (Depot/meinDepot), plus Riester-Rente for state-subsidized retirement savings. Insurance products through R+V partnership cover Kfz, travel health, private liability, and rental bonds. Business banking features Geschäftskonto and Investitionskredit. Member benefits programs including MeinPlus (cashback), VR-MeineReise (travel), and VR Entertain (tickets) enhance customer loyalty. Additional digital services comprise Wero (mobile payments), BankingManager (professional software), FinanzCheck (financial analysis), ImmobilienSuche (property search), and CO2Check (carbon footprint assessment).

Differentiator

Problem solved

Functional benefit

Products and services

• VR-Giro Online Digital current account enabling full online banking with transactions, payments, and account management accessible via web and mobile for retail customers.
• Geschäftskonto Business checking account for commercial customers (SME and business owners) to handle payment transactions and business banking needs.
• easyCredit Instant consumer credit product offered in partnership with TeamBank providing flexible financing with immediate calculation and conclusion for retail customers.
• Baufinanzierung Real estate financing services providing comprehensive mortgage and property loan solutions for residential purchases for retail customers.
• Bausparvertrag Building savings contract offered via Bausparkasse Schwäbisch Hall partnership, enabling customers to save towards homeownership with favorable financing conditions.
• Fondssparplan Equity savings plan allowing customers to build small wealth starting from 25 euros per month through fund investments distributed via Union Investment partnership.
• Gewinnsparen Prize-linked savings product combining savings accumulation with winning opportunities and charitable giving support for retail customers.
• Vermögenswirksame Leistungen Employer-supported savings investment product where employers contribute additional benefits to help employees build financial cushions.
• VermögenPlus Investment product enabling allocation to actively managed investment funds, index funds, and ETFs for wealth building, distributed via Union Investment partnership.
• Investitionskredit Investment credit facility for financing machinery, company vehicles, or real estate at favorable rates for business customers.
• Tagesgeldkonto Daily deposit account for flexible short-term savings with anytime withdrawal options for retail customers.
• Sparkonto Standard savings account for regular deposits and secure capital preservation for retail customers.
• Sparbrief Fixed-term savings bond offering guaranteed interest rates for medium to long-term savings for retail customers.
• Depot / meinDepot Securities account (Depot) for managing investments, stocks, funds, and financial instruments with online access; meinDepot variant designed for young adults to support early wealth building.
• Dispokredit Overdraft facility allowing account holders to access credit up to an approved limit.
• Kreditkarte Credit card services including new applications, replacement cards, PIN management, and payment limit adjustments.
• girocard Debit card service with limit management, replacement card ordering, and PIN services for retail customers.
• Kartenterminal Card payment terminal services for merchants to accept electronic payments.
• R+V Kfz-Versicherung Motor vehicle insurance offered through R+V partnership covering cars and other vehicles.
• R+V Auslandsreise-Krankenversicherung Foreign travel health insurance from R+V providing medical coverage during international trips.
• Private Haftpflicht-Versicherung (R+V) Private liability insurance from R+V protecting customers from financial consequences of accidents or mishaps they cause.
• R+V MietkautionsBürgschaft Rental security bond from R+V serving as alternative to cash rental deposits for tenants.
• Wero Mobile payment service integrated into the bank's app enabling peer-to-peer transfers and contactless payments.
• Riester-Rente und Altersvorsorgedepot State-subsidized retirement savings product with government allowances (Riester) for private pension provision, including Altersvorsorgedepot securities account option.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• R+V VersicherungcoreChannel Partner/ Reseller/ DistributorR+V Versicherung is a key insurance partner of the cooperative banking group. The bank offers R+V insurance products including Kfz insurance, overseas travel health insurance, private liability insurance, and rental deposit guarantee (MietkautionsBürgschaft). Insurance products are distributed through the bank's online portal and branches.
• TeamBankcoreChannel Partner/ Reseller/ DistributorTeamBank provides the easyCredit instant credit product offered by the bank. easyCredit is a consumer credit product with financial flexibility, prominently featured on the bank's website. The product is originated by TeamBank but distributed through the bank's channels.
• Union InvestmentcoreChannel Partner/ Reseller/ DistributorUnion Investment provides investment fund products (VermögenPlus, meinDepot, UnionDepot) that the bank distributes to its customers. Fund savings plans, ETFs, and actively managed investment funds are offered through the online portal and branch advisors.
• AllianzminorChannel Partner/ Reseller/ DistributorAllianz is referenced on the contract cancellation page as a partner through which certain insurance products may have been concluded, allowing customers to process cancellations via the Allianz portal.
• Bausparkasse Schwäbisch HallcoreChannel Partner/ Reseller/ DistributorBausparkasse Schwäbisch Hall is a building society partner offering building savings contracts (Bausparvertrag) for home financing. This product is distributed through the bank's online portal and is part of the core real estate financing product suite.
• SDK – Süddeutsche KrankenversicherungminorChannel Partner/ Reseller/ DistributorSDK is referenced on the contract cancellation page as a health insurance partner. Customers can process cancellations for SDK health insurance products through the bank's platform.
• GENO BrokerminorChannel Partner/ Reseller/ DistributorGENO Broker is a brokerage partner of the cooperative banking network, referenced for contract cancellation processing.
• GENO EnergieminorChannel Partner/ Reseller/ DistributorGENO Energie is an energy provider partner of the cooperative banking network, referenced on the contract cancellation page.
• VKB – Versicherungskammer BayernminorChannel Partner/ Reseller/ DistributorVKB (Versicherungskammer Bayern) is a regional insurance partner referenced for contract cancellation processing on the bank's platform.
• ReisebankminorChannel Partner/ Reseller/ DistributorReisebank provides foreign currency ordering and precious metals (Edelmetalle) ordering services available through the bank's online portal.
• Genossenschaftliche Finanzgruppe (BVR Cooperative Financial Network)coreStrategic or Co-development PartnerThe bank is a member of the Genossenschaftliche Finanzgruppe, the nationwide cooperative banking network anchored by BVR (Bundesverband der Deutschen Volksbanken und Raiffeisenbanken). This network provides shared technology infrastructure, product platforms (VR Banking App, OnlineBanking), branding, risk sharing, and access to a wide range of financial products and services. The network logo is displayed on the bank's membership page.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• Volksbank Paderborn-Höxter-Detmold eG: The neighboring Volksbank in the Paderborn region, offering the same cooperative banking model, BVR network products, and serving a similar mix of retail and SME customers in adjacent communities in North Rhine-Westphalia.
• Raiffeisenbank Vreden-Epe eG: Small German cooperative bank (Raiffeisenbank) serving a similarly narrow regional market with retail and SME banking products. Operates as a directly comparable local cooperative within the Genossenschaftliche Finanzgruppe.
• Sparkasse Paderborn: Local public-law savings bank (Sparkasse) directly competing for retail and SME customers in the Paderborn service area. Operates under the same German retail-banking regulatory framework and offers a similar product suite with branch-based advisory.

Broad incumbents

• ING-DiBa AG: Major direct bank in Germany competing on deposit and mortgage products nationwide. Although operating at very different scale, ING is a direct substitute for primary-banking relationships in the German retail market.
• Commerzbank AG: Large universal bank with extensive retail and SME operations in Germany, competing with Volksbanken on both deposit products and SME financing. Operates as a broad incumbent rather than a cooperative specialist.

Regional players

• PSD Bank West eG: Another cooperative bank serving western Germany with retail banking products. Competes with Volksbanken for member-customers but focuses more heavily on public-sector employees and operates a wider regional footprint.
• Sparda-Bank West eG: Cooperative bank serving western Germany with a similar retail-banking focus and member-ownership structure, but operating at a larger scale across multiple cities in NRW rather than a single micro-region.
• Volksbank Bielefeld-Gütersloh eG: Cooperative Volksbank operating in the broader East Westphalia region adjacent to Paderborn. Same BVR network, same cooperative model, similar product suite, but a larger geographic footprint.

Emerging players

• DKB (Deutsche Kreditbank AG): Direct bank and digital retail-banking competitor targeting price-sensitive German retail customers. While not a cooperative, DKB competes for the same primary-bank relationships that Volksbank Elsen-Wewer-Borchen eG relies on.
• N26 Bank GmbH: Berlin-based neobank competing for digitally native retail customers in Germany. While serving a national market, N26 is a direct threat to small cooperative banks for younger primary-account relationships.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/volksbank-elsen-wewer-borchen-eg

Revenue estimate

Valuation estimate

Number of profiles

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 Volksbank Elsen-Wewer-Borchen eG