November 21, 2019

Strategic Partnership with Financial Software Provider Greenmatch Expanded

North Channel Bank and greenmatch AG will be working even more closely together in the future. Greenmatch will now also be contractually integrated into the bank’s processes. Harald Zenke, Managing Director of North Channel Bank, stated at the Wind Energy Days, November 5 – 7, in Potsdam: “We are very pleased that we can now involve greenmatch even more strongly after an extended cooperation and continue to expand our strategic partnership.”

Greenmatch and North Channel Bank are convinced that through high process efficiency and the setting of standards, even smaller projects in the field of renewable energies, i.e. projects in wind, water, solar, and biomass, can be financed. Greenmatch’s web-based and certified financial model and related infrastructure create transparency in the valuation of projects and save time in the dialogue between developer, financing partner, and investor.

North Channel Bank GmbH & Co. KG was founded in 1924 as the privately owned bank Bankhaus Oswald Kruber, located in Berlin. In 2009, a group of North American investors with expertise in the US Life Settlement sector acquired the bank and renamed it North Channel Bank. In the following years the bank developed into one of the leading institutes in US Life Settlement financing. 2013 with the acquisition of its affiliate NorthStar Life Services, LLC, Irvine, California the bank gained direct access to and influence on a reliable, experienced, and renowned service provider. Today, in addition to financing, the bank also offers investments in US Life Settlements. In the structured finance division the bank focuses in particular on financing in the renewable energies sector, (especially equity interim financing), capital goods and growth financing.