Wirecard starts partnership with AUTO1 Group, Europe's leading digital automotive platform

Aschheim (Munich) (ots) -

- The companies will develop new digital financial services for
consumers
- Individual services via boon planned, Wirecard's consumer
payment and banking platform
- Agreement facilitated in strategic partnership with SoftBank
- Wirecard will continue to explore collaboration opportunities
across SoftBank's portfolio, which is comprised of companies
operating in multitude of industries and sectors, including
transportation, consumer goods, health tech and
telecommunications

Wirecard, the global innovation leader for digital financial
technology, enters into a strategic partnership with AUTO1 Group,
Europe's leading digital automotive platform. The agreement was
fostered through SoftBank's existing partnership with Wirecard and
AUTO1 Group and will cover several products in the area of digital
financial services.

Berlin-based AUTO1 Group revolutionized the way cars are traded by
developing a fully digital platform that enables both private
customers and professionals to trade cars seamlessly throughout
Europe. Well known for its affiliated companies wirkaufendeinauto.de,
AUTO1.com, Autohero and AUTO1 Fintech, the Group meanwhile offers
several additional digital services along the value chain of car
trading. AUTO1 Group reported a EUR 2.9 billion revenue in 2018, and
boasts a car stock of more than 30,000 vehicles and more than 1
million private customers.

Wirecard and AUTO1 Group will further develop digital financial
services together, offering consumers state-of-the-art services via
boon, Wirecard's consumer payment and banking platform while
professional partners will benefit from the partnership via AUTO1
Fintech, AUTO1 Group's digital loan specialist unit.

"As part of the continuous optimization of our service offering,
we were looking for a knowledgeable partner with long-standing
experience in both the financial and digital industries," said Hakan
Koç, Co-founder and Co-CEO of AUTO1 Group. "We are confident that
with Wirecard we can continue driving our global business forward at
a fast pace by offering our various customer groups individualized
digital financial solutions."

"We are excited to work with AUTO1 Group, a European market leader
in the used car industry," added Georg von Waldenfels, EVP Group
Business Development at Wirecard. "AUTO1 Group can leverage on our
wide-ranging financial service offering. We look forward to working
together to develop joint solutions for AUTO1 Group companies."

In the future, Wirecard is planning to build and provide digital
financial services to further SoftBank's numerous portfolio
companies, operating in multitude of industries and sectors,
including transportation, consumer goods, health tech and
telecommunications.

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both business
customers and consumers with a constantly expanding ecosystem of
real-time value-added services built around innovative digital
payments by using an integrated B2B2C approach. This ecosystem
concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate
enhancement in all sales channels (online, mobile, ePOS). Wirecard
operates regulated financial institutions in several key markets and
holds issuing and acquiring licenses from all major payment and card
networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX
and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

About AUTO1 Group

Founded in 2012, AUTO1 Group is Europe's leading digital
automotive platform. AUTO1 Group is aimed primarily at the used car
trade and offers over 55,000 professional partners the opportunity to
access a diversified portfolio of more than 30,000 vehicles. By
connecting buyers and sellers through technology, the company enables
dealers and consumers to trade seamlessly throughout Europe. The
company's well-known brands are AUTO1.com, wirkaufendeinauto.de and
Autohero. AUTO1 Group matches supply and demand for used cars in over
30 countries. In 2018 the company sold more than 540,000 vehicles and
achieved revenues of EUR 2.9 billion.

Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

AUTO1 Group media contact:
Lisa Langlois
Head of Communications
E-Mail: lisa.langlois@auto1-group.com
Tel: +49 30 / 201 638 1900

Original-Content von: Wirecard AG, übermittelt durch news aktuell