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Comeco

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Lifestyle-Banking

Comeco GmbH Co. KG

Banking Software and API

About Comeco

Together with several Sparda banks (including Sparda banks Augsburg, Baden-Württemberg, Munich and Nuremberg), COMECO developed the free multi-banking app TEO. TEO is basically usable for all German bank customers and is constantly being improved. In addition, new functions that go beyond previous online banking offerings are added. We are approved by the German Federal Financial Supervisory Authority (BaFin) as an account information and payment initiation service. The benchmark for data security is the secure banking standards to which TEO is committed.

Mother company (shareholder): Comeco Verwaltungs-GmbH

Funding

€5.2m

Total raised

RoundYearAmount
Latest round 2022 €5.2m
Round −1 2021

Financials (€m)

YearRevenueEBIT
2018 €-10.1m
2019 €100k €-31.4m
2020 €800k €-21.9m
2021 €3.5m €-13m