FAAREN
“Can a digital-first car subscription marketplace scale across the DACH region by embedding automated financial verification to replace manual underwriting friction?”
HQWürzburg, Germany
FoundersDaniel Garnitz, Maximilian Renoth
IndustryMarketplace / Two-sided
The story
FAAREN was built as a marketplace enabling automotive dealers and fleet operators to offer vehicles on a subscription basis. A key operational challenge was verifying subscriber affordability without relying on manual payslip and bank-statement reviews. By integrating finAPI's KreditCheck product — an open banking-powered income and financial commitment verification tool — FAAREN digitised its underwriting-adjacent screening process, reducing friction for self-employed and non-salaried customers and lowering residual risk on contracts.
Last 12 months
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The stack
Open banking
Accounting gap: none