CommneX

CommneX operates as a digital marketplace designed to connect public sector entities with the financial market. Founded in Munich, Germany, in 2016 by Friedrich Von Jagow and Carl V Halem, the company provides a platform for municipalities, cities, and public enterprises to tender their financial needs. Banks and financial institutions can then submit offers, facilitating an efficient matching process for financial products.

The platform handles a variety of financial instruments, including municipal and debt loans, savings and fixed deposit accounts, and investment products. It aims to digitize what has traditionally been a manual and analog process for public finance procurement. For its banking partners, CommneX also offers a feature to streamline Know Your Customer (KYC) processes through a data warehouse. Founder Friedrich von Jagow, a lawyer by training with a background in economics, co-developed the idea after identifying a gap in the market for a dedicated public finance marketplace.

The company serves a range of clients, from small villages to federal states, as well as various banking institutions, including regional, private, corporate, and public development banks. While its primary focus is Germany and Central Europe, it has exposure to neighboring countries like Austria and plans for further international expansion. In January 2022, CommneX was acquired by Finance & Risk Consult.

Keywords: public finance, municipal finance, fintech, digital marketplace, government lending, public sector investment, debt financing, treasury management, public-private partnership, financial services, corporate banking, public tenders, loan origination, deposit accounts, investment products, KYC, German fintech, European market, financial technology, public administration