GFKL Financial Services AG is a leading independent financial service provider for debt collection and debt purchase in Germany.
Servicing receivables in excess of about €23 billion, the company has strategically refocused its activity since 2008 and discontinued its leasing and systems business. The focus now is on debt collection and debt purchasing as well as related software applications. The group’s expertise in debt recovery ranges from the trust management of commercial and credit receivables through to evaluating, taking over and handling personal loans and mortgages.
The debt collection market has strong growth expectations driven by increasing outsourcing levels. With 700 small to medium-sized debt collection companies and the top three players representing only a 30% market share, the German market is very fragmented. GFKL’s leading position provides a strong platform for both organic growth and acquisition opportunities.