BNPL for Deutsche Bank

Viennese fintech credi2 is developing a “buy now, pay later” solution for Deutsche Bank

  • A white-label approach at the checkout ensures higher customer loyalty between retailers and buyers
  • Liquidity advantage for companies: Deutsche Bank pays merchants immediately at the dispatch of goods
  • Fintech credi2 is a proven and secure technology partner

The Viennese fintech credi2 is working on a payment project with Deutsche Bank. The two companies are developing their own solution for invoice and installment purchase (“Buy now, pay later”; BNPL). The white label solution for online retailers and e-commerce marketplaces can be flexibly integrated into the payment process. The first pilot projects are scheduled to start in Germany by the end of this year.

“Together with credi2, we want to create a consumer-friendly alternative to existing BNPL offers,” says Kilian Thalhammer, Head of Merchant Solutions at Deutsche Bank. “Unlike most BNPL offers, the white-label approach ensures that retailers retain full control over transactions with their new and existing customers,” says Thalhammer. A special dealer portal enables them to digitally track both returns and partial payments of transactions. In addition, retailers and marketplaces benefit from a liquidity advantage, since the bank pays the purchase price to the retailer’s account immediately after the shipment of the goods is confirmed. In doing so, Deutsche Bank evaluates the payment- and fraud risk in real time and incorporates the claims arising from the respective purchase agreement into its own risk portfolio.

Modern payment solutions increase sales

“With Deutsche Bank and credi2 a globally established major bank and an Austrian fintech are working together successfully to build an innovative product. Our white-label solution can be used internationally: Banks, retailers and marketplaces can offer this modern and flexible payment solution under their own name – this ensures customer loyalty and increases sales,” says Christian C. Waldheim, Co-CEO at credi2.

Purchase on account, which has been dominant in Germany for decades, has firmly established itself among the top 3 payment methods in terms of the number of transactions in e-commerce, alongside wallet payments and direct debits (source: FIS Worldpay Report 2021). Juniper Research expects annual global growth in BNPL transaction volume of more than 30% until 2026. “The trend clearly points in the direction that purchase on account and installment purchase is here to stay,” said Thalhammer.


About Credi2 GmbH

credi2 specialises in embedded finance solutions for ‘buy now, pay later’ and subscriptions. The fintech enables banks, merchants and OEMs to offer modern sales financing solutions via the credi2 platform. Customers include Volkswagen Bank, Raiffeisen Bank International and Apple. Credi2 has worked with these companies to launch innovative and highly successful payment solutions in a short period of time.

The Vienna-based scale-up was founded in 2015 by Daniel Strieder, Michael Handler and Jörg Skornschek. In addition to the founding trio, the management team also includes Christian C. Waldheim and Jennifer Isabella Schimanko. credi2 is a fast-growing fintech currently employing more than 90 people from all over Europe.