Berlin, 15 February 2023 – Vereinigte Volksbank Raiffeisenbank cooperates with Zasta, Germany’s leading tax advisor platform, for the offer of a new fronting product, a 75% immediate tax payment. As part of the cooperation, Annerton advised FinTech-Volksbank comprehensively on all legal issues.
VVRB, which is considered a leader in the refinancing of FinTechs such as Billie, Mondu and Ratepay, is now cooperating with the tax platform Zasta in its first fronting project. With the granting of a short-term credit by the VVRB, Zasta will in future be able to offer their customers a 75% immediate payment of the calculated tax.
Led by Annerton partner Dr Florian Lörsch, the boutique law firm Annerton advised VVRB on all legal issues relating to the fronting cooperation. VVRB has been a regular client of the law firm since the beginning of last year. Furthermore, Annerton partner Peter Frey as well as Annerton lawyers Svetlana Ulrici and Kemal Ahmedi supported VVRB with legal advice during the cooperation.
“We very much appreciate the joint cooperation with the Annerton law firm, especially with Dr Florian Lörsch. Through the extremely competent advice that takes place at “eye level”, the colleagues from Annerton prove again and again an extraordinary tact in the joint cooperation with our cooperation partners,” explains Rene Steins, Senior Consultant Business Development B2C-BNPL at VVRB.
About Annerton
Annerton is an independent law firm specialising in regulatory law in the financial industry. Since 2020, Annerton Rechtsanwaltsgesellschaft mbH in Germany and Annerton S.A. in Luxembourg have been advising established international institutions and corporations as well as innovative start-ups from the banking, financial services and digital economy sectors. Annerton has its offices in Berlin, Frankfurt am Main, Munich and Luxembourg with more than 26 lawyers, two tax advisors and other team members. Information: www.annerton.com.
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