Munich, 16 December 2022 - volders GmbH, an investment of Mountain Alliance AG (MA, ISIN DE000A12UK08), has fully taken over its competitor Aboalarm GmbH from the comparison portal Verivox. The merger of the two leading online platforms creates a new German market leader for contract management and cancellation.
Aboalarm was founded in 2008 and, along with volders, is a leading online platform for contract management and cancellation for contracts in areas such as the Internet, mobile communications, insurance, or streaming with activities in Germany, Austria, and Switzerland. Previously, Aboalarm GmbH was a subsidiary of Verivox GmbH and thus part of the digital division of ProSiebenSat.1 Media SE. Mountain Alliance AG holds a >13% stake in volders GmbH.
Together, the two fintechs have successfully processed notices from more than ten million customers to date and send out more than 110,000 notices per month for users on both online platforms. volders and Aboalarm generate combined annual revenues in the double-digit million euro range and generate positive EBITDA on a monthly basis.
volders underlines its major growth ambitions with the acquisition of Aboalarm. Due to the achieved size and reach of the combined platforms, the acquisition is on the one hand conducive to growth and on the other hand offers high synergy potentials through the combination of technologies, the joint marketing of the three brands volders (volders.de), Aboalarm (aboalarm.de) and Finlytics (finlytics.de) as well as joint product development.
Manfred Danner, CEO of Mountain Alliance AG, comments: "With the acquisition of Aboalarm, our investment volders becomes the German market leader for digital contract and cancellation management. We see new growth potential through the combination of the two leading online platforms and look forward to supporting our investment volders in exploiting this potential and continuing to accompany it successfully."
